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LOS ANGELES, August 18, 2021--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of The Honest Company, Inc. ("Honest" or the "Company") (NASDAQ: HNST) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On or about May 5, 2021, Honest sold approximately 25.8 million shares of stock in its initial public stock offering (the "IPO") at $16.00 per share.
On August 13, 2021, Honest announced its second quarter 2021 financial results, reporting a net loss of $20.2 million compared to a loss of $375,000 for the same period in the prior year.
On this news, the Company's stock price fell $3.98 per share, or 28.33%, to close at $10.07 per share on August 13, 2021, thereby inuring investors.
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If you purchased Honest 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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