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Why is Xponential Fitness Inc (XPOF) Stock down?

We've noticed a 6.04% decline in Xponential Fitness Inc (XPOF) stock during the 2024-05-14 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
27 Jun, 2023:

XPOF's stock fell 37.4% following Fuzzy Panda Research's report 'Xponential Fitness (XPOF) – "Abusive Franchisor That Is A House Of Cards."'. Fuzzy Panda revealed that the CEO previously conducted illegal business practices and many studios of Xponential Fitness are financially struggling or have unprofitable business models, which raised concern on whether the company lied about their business model and financial metrics. It is also recommended that investors bearing substantial losses should contact the attorneys regarding their legal rights.

https://marketwirenews.com/news-releases/hagens-berman-national-trial-attorneys-alerts-xponen-4788275181118177.html?i=t&utm_source=dlvr.it&utm_medium=twitter

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