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Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, trade, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and a range of specialty products. The Company's segments include Upstream, Downstream, Chemical, and Corporate and Financing. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream manufactures, trades and sells petroleum products. The refining and supply operations consists of a global network of manufacturing plants, transportation systems, and distribution centers that provide a range of fuels, lubricants and other products and feedstocks to its customers around the world. The Chemical segment manufactures and sells petrochemicals. The Chemical business supplies olefins, polyolefins, aromatics, and a variety of other petrochemicals.

Premarket

Last Trade
Delayed
$61.55
0.27 (0.44%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$61.28
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
5,607

10-day average volume:
23,847,903
5,607

SAM ALERT - Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating The Boston Beer Company, Inc. (NYSE:SAM) for Potential Securities Violations and Breach of Fiduciary Duty

2:00 pm ET October 15, 2021 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / October 15, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against The Boston Beer Company, Inc. ("Boston Beer" or the "Company") (NYSE:SAM).

Image: https://www.accesswire.com/users/newswire/images/668360/LabatonNewLogo.jpg

On September 8, 2021, after the market closed, Boston Beer announced that it was withdrawing its 2021 financial guidance issued on July 22, 2021 as a result of a decrease in demand for its hard seltzer products. The Company further disclosed that it expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to 3rd party brewers, and other costs associated with the drop in demand during the remainder of fiscal year 2021.

On this news, Boston Beer's share price fell approximately 10% during after-hours trading on September 8, 2021, thereby injuring investors.

Investors who purchased the Company's securities between April 22, 2021 and September 8, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before November 15, 2021.

If you currently own stock or options in The Boston Beer Company, Inc. and suffered a loss, click here to participate.

If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.

CONTACT:

David J. Schwartz

(800) 321-0476

david@labaton.com

SOURCE: Labaton Sucharow LLP

View source version on accesswire.com:

https://www.accesswire.com/668360/SAM-ALERT--Nationally-Ranked-Shareholder-Rights-Firm-Labaton-Sucharow-is-Investigating-The-Boston-Beer-Company-Inc-NYSESAM-for-Potential-Securities-Violations-and-Breach-of-Fiduciary-Duty

comtex tracking

COMTEX_395275971/2457/2021-10-15T14:00:15

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