Wisconsin Joins Federal Lawsuit Against Hims & Hers Health
· 2 sources
Wisconsin is joining a federal lawsuit against telehealth provider Hims & Hers Health, WPR reports. The Motley Fool also cites weak company guidance.
What happened
Wisconsin is joining a federal lawsuit against the telehealth provider Hims & Hers Health, according to WPR. The company offers widely advertised direct-to-consumer treatments.
WPR says those treatments cover hair loss, weight loss and erectile dysfunction. The sources provided do not detail the claims in the lawsuit.
Separately, The Motley Fool reports that Hims & Hers stock fell 17% after the company issued weak guidance. The outlet also refers to an upcoming peptide push.
Context
Telehealth companies that sell treatments directly to consumers operate in an area that draws regulatory and legal attention.
Why it matters
A new government participant in a federal lawsuit may add legal uncertainty for Hims & Hers Health, alongside the investor focus on its guidance.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$25.75Fair range: $5.83 to $42.25The price ($19.89) is 22.8% below that figure.
Chance of a rise in 1 month
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $15.90 and $22.92; 9 in 10, between $11.50 and $31.69.
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