iRobot Shares Plunge 4.69% Amid Legal Probe, Revenue Drop

iRobot(IRBT) shares plummeted 4.69% today, marking the second consecutive day of decline, with a total drop of 12.44% over the past two days. The share price hit a record low today, with an intraday decline of 8.33%.

One of the primary factors contributing to the recent decline in iRobot's stock price is the ongoing legal investigation by Pomerantz Law Firm. The firm is looking into claims on behalf of iRobot Corporation investors, which has had a negative impact on the stock's performance.

Additionally, iRobot's financial performance has shown a significant downturn. The company reported a fourth-quarter revenue of $172 million, which has further contributed to the stock's decline. This financial setback has raised concerns among investors about the company's future prospects and profitability.