PLAB ALERT: Securities Fraud Class Action Launched Against Photronics, Inc. - September 4, 2026 Deadline
Levi & Korsinsky, LLP announced that a securities fraud class action has been filed against Photronics, Inc. (NASDAQ: PLAB) on behalf of investors who purchased shares between December 10, 2025 and May 27, 2026. The complaint alleges Photronics issued misleading statements about its high-end product pipeline and demand, and that Q2 fiscal 2026 results released May 28, 2026 revealed IC revenue down 11% sequentially with below-consensus Q3 guidance. PLAB stock fell from $53.51 to $34.02 on May 28, 2026, a single-day decline of about 36.42% following the results.
Key figures
- Class period
- December 10, 2025 to May 27, 2026
- Stock price after
- 34.02
- Stock price before
- 53.51
- One day decline pct
- -36.42%
- Ic revenue sequential change
- -11%
AI analysis
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