Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Advance Auto Parts Inc (NYSE: AAP) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Advance Auto Parts Inc (NYSE: AAP) concerning whether a series of statements by Advance Auto Parts Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 15, 2017, the Company revealed disappointing second quarter results, including flat comparable store sales for the quarter and reductions in financial and operational guidance for fiscal year 2017.
Following this news, NYSE: AAP dropped $22.24 per share or over 20% from its previous closing price to close at $87.08 per share on August 15, 2017.
Based in Roanoke, Virginia, and founded in 1929 Advance Auto Parts Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy-duty trucks.
If you purchased shares of Advance Auto Parts Inc (NYSE: AAP) on or before August 15, 2017, you should contact Thieler Law Corp at firstname.lastname@example.org or call +1 (619) 377 - 4324.
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