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Business
Jessica Mitacek

Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks

HIMS Hims & Hers’ FTC Lawsuit

Shares of telehealth platform and direct-to-consumer (D2C) personal care products provider Hims & Hers Health (NYSE: HIMS) fell 6.7% on Wednesday, Sept. 23, as investors continue to weigh the fallout from August’s disappointing earnings report and mounting legal pressure, including a securities class action filed earlier this month and an ongoing FTC lawsuit over alleged privacy and billing practices.

HIMS' year-to-date (YTD) loss is over 12%, including a nearly 26% loss from its YTD high on July 6.

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