NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of Advance Auto Parts, Inc. (NYSE:AAP) resulting from allegations that Advance Auto Parts may have issued materially misleading business information to the investing public.
On August 15, 2017, Advance Auto Parts reported disappointing second quarter results, including flat comparable store sales for the quarter and reductions in financial and operational guidance for fiscal year 2017. On this news, shares of Advance Auto Parts fell $22.24 per share or over 20% from its previous closing price to close at $87.08 per share on August 15, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Advance Auto Parts investors. If you purchased shares of Advance Auto Parts, please visit the firm’s website at http://www.rosenlegal.com/cases-1283.html to join the class action. You may also contact Phillip Kim or Daniel Sadeh of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or dsadeh@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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