LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Baozun Inc. (“Baozun” or the “Company”) (NASDAQ: BZUN) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On November 21, 2019, Baozun announced third quarter 2019 financial results that were below market expectations, and provided dismal fourth quarter 2019 financial guidance. The Company attributed the negative results and outlook to adverse impacts from terminating its service agreement with one electronics brand. Baozun did not disclose who that large electronics brand was, but some in the financial media have suggested that it was Huawei.
On this news, Baozun’s share price fell $7.60 per share, or more than 17%, to close at $35.90 per share on November 21, 2019.
If you purchased Baozun securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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