Babcock & Wilcox Enterprises is trading at $9.51 (-5.18%) after a fresh investor-rights investigation into potential breaches of fiduciary duty by directors and officers added pressure to the stock.
- Bernstein Liebhard LLP announced the probe on July 16, focusing on concerns tied to the company’s $2.4 billion Base Electron contract.
- The move follows a sharp -7.98% close on July 16, extending recent downward momentum for the shares.