HLLY - Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Holley Inc. (HLLY) Investors and Encourages Investors to Contact the Firm Before January 5 2024 | Benzinga

NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Western District of Kentucky on behalf of those who acquired Holley Inc. ("Holley" or the "Company") (NYSE:HLLY) securities during the period from July 21, 2021 through February 6, 2023 (the "Class Period"). Investors have until January 5, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On July 28, 2022, Holley announced disappointing preliminary financial results and slashed its full year 2022 outlook. On this news, the price of Holley shares declined by $4.68 per share, or approximately 36.94%, from $12.67 per share to close at $7.99 on July 29, 2022.

On November 14, 2022, Holley announced disappointing financial results for third quarter 2022. On this news, the price of Holley shares declined by $0.22 per share, or approximately 6.85%, from $3.21 per share to close at $2.99 on November 14, 2022.

On February 6, 2023, Holley announced that Chief Executive Officer and President Tom Tomlinson was retiring, effective immediately, and also resigning from Holley's Board of Directors. The ...

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