Block Leviton Investigates Potential Securities Law Violations by Cardinal Infrastructure Group
CDNL Cardinal Infrastructure Group Inc
$25.06 -3.87%
View chart & analysis → - 1Block Leviton is investigating whether Cardinal Infrastructure Group violated securities laws.
- 2Cardinal Infrastructure Group cut its annual adjusted EBITDA margin guidance to 16-18%.
- 3Cardinal shares fell by approximately 34%.
So what's the key point?
Cardinal Infrastructure Group lowered its profit margin outlook to 16 to 18 percent. This caused the stock price to drop by 34 percent, and Block Leviton is investigating whether laws were broken.
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