NEW YORK, Nov. 1, 2016 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Supreme Industries Inc. (NYSE: STS) resulting from allegations that Supreme Industries may have issued materially misleading business information to the investing public.
On October 21, 2016, Supreme Industries revealed that its third-quarter backlog of truck sales declined 22% from the third quarter 2015. On this news, shares of Supreme Industries fell $4.28 per share or over 23% to close at $13.68 per share on October 21, 2016. On that same day, Cliffside Research published a report focusing on Supreme Industries' unexpected third quarter backlog decline and noting that "[h]eavy insider selling in STS is a canary in the coalmine that should not be ignored." On this news, shares of Supreme Industries stock fell $2.38 per share or over 17% on the next trading day to close at $11.30 per share on October 24, 2016. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Supreme Industries investors. If you purchased shares of Supreme Industries on or before October 21, 2016, please visit the firm's website at http://www.rosenlegal.com/cases-974.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.