jgrabar
3 years ago
GRABAR LAW OFFICE INVESTIGATES POTENTIAL SHAREHOLDER ACTION ON BEHALF OF CURRENT SHAREHOLDERS OF MOHAWK INDUSTRIES, INC. (NYSE: MHK)$MHK
Current Mohawk Industries, Inc. (NYSE: MHK) shareholders who have held shares of the Company’s stock since at least April 28, 2017, have standing to seek corporate reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate.
On September 29, 2021, a federal court has determined that securities fraud claims can move forward against Mohawk and certain of its executive officers. That action concerns Mohawk’s alleged fraudulent scheme to falsify revenues through fictitious “sales” of products that were not delivered to customers and to the reasons for the Company’s ballooning inventory. Specifically, at the end of each financial quarter, employees in Mohawk’s North American distribution centers were instructed to load goods on Company trucks on Fridays and pretend to deliver the goods on Saturdays to customers they knew were closed for deliveries and, thus, not there to accept or reject them (the “Saturday Scheme”). Mohawk would nevertheless book the revenue from these “sales” as soon as the products were put on Mohawk’s trucks. When the truth of this scheme was finally revealed to investors, over $7.4 billion in shareholder value was lost.
Unlike a class action, brought on behalf of damaged investors, a shareholder derivative action is an action brought by a shareholder of a public company on behalf of and for the benefit of the company itself against the directors and/or officers of that company. In a derivative action, shareholders “step into the shoes” of the directors and officers of a company and bring litigation that the board would be unwilling to pursue on its own.
If you would like to learn more about this matter at no cost to you, contact us at jgrabar@grabarlaw.com or call 267-507-6085.
whytestocks
4 years ago
News: $MHK NYSE: MHK Investor Notice: Update in Lawsuit against Mohawk Industries, Inc. announced by Shareholders Foundation
SAN DIEGO, July 14, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Mohawk Industries, Inc. (NYSE: MHK). Investors, who purchased shares of Mohawk Industries, Inc. (NYSE: MHK) in 2017 or earlier and continue ...
In case you are interested MHK - NYSE: MHK Investor Notice: Update in Lawsuit against Mohawk Industries, Inc. announced by Shareholders Foundation
ITMS
7 years ago
The Trend In Mohawk Industries Is Down, Where Is The Bottom?
Mohawk Industries Inc (NYSE:MHK) is a leading flooring manufacturer that creates products for residential and commercial spaces around the world. The stock peaked out on December 4, 2017 at $286.85 a share. Since that high pivot, the stock has steadily been declining and trending lower. Today, MHK stock is trading lower by 0.47 cents to $208.41 a share. The next important support level for MHK stock will be around the psychological $200.00 level, but that may not hold very long. You see, MHK stock trades less than a million share a day on average. Very often, stocks that do not trade heavy volume or over a million shares a day are susceptible to trading below there near term technical support levels. This is called overshoot and it tells me that the $185.00 area will likely be the next spot for a major bottom in the stock.
Nicholas Santiago
InTheMoneyStocks
stocktrademan
10 years ago
$MHK DD Notes ~ http://www.ddnotesmaker.com/MHK
bullish
good volume
ascending triangle resistance breakout
$MHK recent news/filings
## source: finance.yahoo.com
Thu, 06 Nov 2014 00:08:33 GMT ~ 10-Q for Mohawk Industries, Inc.
read full: http://www.companyspotlight.com/routers/headline/16517/10004/6407539?cp_code=YAH1&1415232513
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Mon, 03 Nov 2014 21:16:13 GMT ~ MOHAWK INDUSTRIES INC Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/141103/mhk10-q.html
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Mon, 03 Nov 2014 18:51:00 GMT ~ Mohawk Industries Looks To Build On Commercial Gains
read full: http://news.investors.com/110314-724661-mohawk-industries-commercial-flooring-market-growth.htm?ven=yahoocp&src=aurlled&ven=yahoo
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Mon, 03 Nov 2014 17:09:00 GMT ~ Is Home Depot Too Expensive?
read full: http://blogs.barrons.com/stockstowatchtoday/2014/11/03/is-home-depot-too-expensive/?mod=yahoobarrons&ru=yahoo
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Fri, 31 Oct 2014 22:20:00 GMT ~ Mohawk Industries (MHK) Earnings Report: Q3 2014 Conference Call Transcript
read full: http://www.thestreet.com/story/12936873/1/mohawk-industries-mhk-earnings-report-q3-2014-conference-call-transcript.html?puc=yahoo&cm_ven=YAHOO
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$MHK charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$MHK company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MHK/company-info
Ticker: $MHK
OTC Market Place: Not Available
CIK code: 0000851968
Company name: Mohawk Industries, Inc.
Company website: http://www.mohawkind.com
Incorporated In: DE, USA
$MHK share structure
## source: otcmarkets.com
Market Value: $11,051,899,161 a/o Nov 21, 2014
Shares Outstanding: 72,896,901 a/o Oct 27, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$MHK extra dd links
Company name: Mohawk Industries, Inc.
Company website: http://www.mohawkind.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MHK/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MHK/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MHK+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MHK+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MHK+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MHK/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MHK/news - http://finance.yahoo.com/q/h?s=MHK+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MHK/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MHK/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MHK/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MHK/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MHK/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/MHK/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/MHK/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/MHK/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=MHK+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/MHK
DTCC (dtcc.com): http://search2.dtcc.com/?q=Mohawk+Industries%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Mohawk+Industries%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Mohawk+Industries%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.mohawkind.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.mohawkind.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.mohawkind.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/MHK/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/MHK
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/MHK/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/MHK/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/MHK/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000851968&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/MHK/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/MHK/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/MHK/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/MHK/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=MHK&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=MHK
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/MHK/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=MHK+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=MHK+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=MHK
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=MHK
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=MHK+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/MHK/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=MHK+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/MHK.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=MHK
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/MHK/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/MHK/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/MHK/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/MHK/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/MHK
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/MHK
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/MHK:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=MHK
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MHK
$MHK DD Notes ~ http://www.ddnotesmaker.com/MHK
Penny Roger$
13 years ago
Mohawk Industries, Inc., (Mohawk) is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe. The Company is a carpet and rug manufacturer, and manufactures, markets and distributes of ceramic tile, natural stone and hardwood flooring in the United States, as well as a producer of laminate flooring in the United States and Europe. It operates in three segments: the Mohawk segment, the Dal-Tile segment and the Unilin segment. The Mohawk segment designs, manufactures, sources, distributes and markets its floor covering product lines. The Dal-Tile segment designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile, natural stone and other products used in the residential and commercial markets. The Unilin segment designs, manufactures, sources, licenses, distribute and markets laminate and hardwood flooring used in the residential market in Europe and the United States.
http://www.google.com/finance?q=MHK
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