Why Is La Rosa Stock Sinking On Thursday?
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La Rosa Holdings (NASDAQ: LRHC) experienced a significant sell-off, with shares dropping over 20% after receiving a non-compliance notice from Nasdaq due to a missed filing deadline for its Annual Report on Form 10-K. The company must submit a compliance plan by June 15 to avoid delisting. CEO Joe La Rosa stated they are prioritizing the report's completion. Currently, LRHC is trading at $2.04, down 99.79% over the past year, and is testing lower boundaries in its 52-week range.
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