24/7 Market News Snapshot 21 August, 2025 – SelectQuote, Inc. (NYSE:SLQT)
DENVER, Colo., 21 August, 2025 (www.247marketnews.com) – (NYSE:SLQT) are discussed in this article.
SelectQuote, Inc. (SLQT) is currently experiencing significant market activity with its stock price rising sharply to $2.369, reflecting an impressive increase of 29.45% from the previous close of $1.830. This surge follows a strong opening at $1.875, highlighting an enhanced level of investor confidence, as evidenced by a trading volume of 2.49 million shares. Technical indicators suggest a bullish sentiment, prompting speculation regarding the sustainability of this upward trend as investors remain vigilant for further developments.
In contrast to this positive momentum, SelectQuote faces a serious challenge related to potential shareholder rights violations, following an announcement by Grabar Law Office. This firm is investigating potential breaches of fiduciary duty by the company’s leadership regarding their management practices. Shareholders who acquired SelectQuote shares before September 9, 2020, may have the opportunity to pursue legal actions aimed at enforcing corporate reforms and seeking restitution without incurring personal costs.
The investigation aligns with allegations introduced by the U.S. Department of Justice (DOJ) in a complaint filed on May 1, 2025. The DOJ claimed that SelectQuote accepted substantial kickbacks from health insurance firms during the period from 2016 to 2021, leading to unethical practices that prioritized profit over the unbiased servicing of Medicare beneficiaries. This situation raises concerns about the company’s integrity and claim of unbiased insurance plan comparisons.
As the situation evolves, it remains crucial for stakeholders to stay informed and engaged. Shareholders who acquired shares prior to the specified date may seek to hold the company accountable for these serious allegations, while those who purchased between September 9, 2020, and May 1, 2025, should consider their options in the active class action. This development underscores a pivotal moment for SelectQuote as it navigates both market growth and significant legal scrutiny.