Category: Short Selling

Bleak Research Report Stokes A.I. Debate on Wall St.

The New York Times – Business:
In a widely circulated note, Citrini Research painted a dire picture of job losses and stock market sell-offs, though many analysts and economists questioned its conclusions.
Beyond Meat Stock Price Gains 1,000% in Days, in Latest Meme Mania

The beleaguered company’s stock has surged in the past few days, fueled by social media buzz and echoes of past meme-stock frenzies.
Opendoor and Krispy Kreme Are Part of a New Generation of Meme Stocks

A new generation of meme stocks are soaring and falling again.
Trump Media Stock Jumps Again as Traders Bet on Election

Shares of the Truth Social parent company continue to soar, pushing the market value of the firm above $10 billion.
Criminal Charge Against Andrew Left of Citron Research Unsettles Short Sellers

Andrew Left is fighting a range of criminal and civil charges related to his trading practices, and other investors who make money by betting on a decline in stock prices are watching closely.
What Trump Selling His Trump Media Shares Could Mean for Stakeholders

A lockup provision has kept him from being able to sell Trump Media shares. With that prohibition about to expire, the price is down more than 70 percent from its peak.
Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street

The 88-year-old activist investor’s stake in his own company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.”
Andrew Left, Prominent Short Seller, Accused of Fraud in Multiyear Scheme

Federal authorities filed charges against Andrew Left, founder of Citron Research, who they said made at least $16 million from a multiyear scheme to manipulate market prices.
Roaring Kitty Came Back to Talk GameStop. Shares Plunged.

Keith Gill, the investor who spurred the meme stock mania in 2021, attracted a huge audience for his public return Friday. But his favorite buy dropped.
GameStop and AMC Shares Soar as Meme Stock Revival Continues

A heady market rally extended to a second day after Keith Gill, the trader known as Roaring Kitty who rallied small investors to buy out-of-favor stocks in the pandemic, returned to social media.
How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy

Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.
Trump Set to Receive $1 Billion Extra Trump Media Shares

The former president is in line for a windfall after the stock price of Trump Media hit performance targets in its first few weeks of trading, raising the value of his already sizable stake.