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Gildan Activewear faces class action over alleged misleading business info causing 18.7% stock drop

Market News
03 Oct 2026
Newsfile Corp
View Source
Bearish
Gildan Activewear faces class action over alleged misleading business info causing 18.7% stock drop

Rosen Law Firm is investigating a class action lawsuit against Gildan Activewear Inc. after allegations that the company issued misleading business information. This followed a short seller report claiming Gildan's organic growth was negative despite apparent revenue growth, leading to an 18.7% stock price drop on June 16, 2026. Investors who bought Gildan securities may be eligible for compensation without upfront fees. The law firm is preparing to recover losses for shareholders through litigation.

Gildan Activewear Inc. is the subject of a securities class action investigation. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Oct 04, 2026 09:51 WIB: out of 112 stocks, 48 rose and 64 fell. Notable movers include Li Auto Inc at USD 10.69 with a 3.87% drop, Goodyear Tire & Rubber Co at USD 4.84 down 3.78%, and Nike Inc at USD 33.87 down 3.64%.

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