(NewMediaWire) - December 11, 2024 - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against DENTSPLY SIRONA Inc. (“DENTSPLY” or the “Company”) (NASDAQ: XRAY) on behalf of investors that purchased or otherwise acquired DENTSPLY securities between December 1, 2022 and November 6, 2024 (the “Class Period”).If you are an investor in DENTSPLY and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
On October 24, 2024, DENTSPLY issued a press release "announc[ing] the voluntary suspension of sales and marketing of its Byte Aligners and Impression Kits while the Company conducts a review of certain regulatory requirements related to these products." The press release also states that “[t]he Company’s decision was made in consultation with the U.S. Food and Drug Administration (FDA)."
Following this news, the price of DENTSPLY's stock fell $1.10 per share, or 4.5%, to close at $23.31 per share on October 25, 2024.
Then, on November 6, 2024, in connection with reporting third quarter financial results, DENTSPLY issued a press release revising its 2024 outlook to reflect that organic sales are expected to be down 3.5% to 2.5% year-over-year compared to its prior outlook that organic sales would be down 1% to flat.
Following this news, the price of DENTSPLY’s stock fell $6.72 per share, about 28%, to close at $17.26 per share on November 7, 2024.
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CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
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New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com