NEW YORK, July 17, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of electroCore, Inc. (“electroCore” or “the Company”) (ECOR) concerning possible violations of federal securities laws.
On June 22, 2018, the Company went public, offering 5.2 million shares at a price of $15.00 per share. Since then, the electroCore’s stock price has consistently traded down to close at $1.67 per share on July 10, 2019, weighed down by negative financial results reported for the first quarter of 2019, a recently-announced restructuring and cost-cutting plan, and the resignation of its Chief Executive Officer, Francis Amato.
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