The Shareholders Foundation announces that an investigation on behalf of investors of Swift Transportation Co (NYSE:SWFT) shares is ongoing over potential securities laws violations by Swift Transportation and certain of its directors and officers.
Investors who purchased shares of Swift Transportation Co (NYSE:SWFT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Swift Transportation Co (NYSE:SWFT) concerning whether a series of statements by Swift Transportation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Swift Transportation Co reported that its annual Total Revenue rose from over $3.77 billion in 2011 to over $4.11 billion in 2013 and that its respective Net income increased from $102.75 million to $155.42 million. Shares of Swift Transportation Co (NYSE:SWFT) grew from $6.47 per share in September 2011 to as high as $26.44 per share in March 2014.
Then on July 24, 2014, after the market closed, Swift Transportation Co announced its results for the second quarter 2014. Shares of Swift Transportation Co (NYSE:SWFT) dropped from 25.81 per share on July 24, 2014, to $20.87 per share on July 25, 2014.
On August 8, 2014, NYSE:SWFT shares closed at $20.68 per share.
Those who purchased shares of Swift Transportation Co have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com