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AMC, GameStop Remain 'Dangerously Overvalued' A Year After Meme Stock Frenzy: Analyst
Friday, January 28, 2022 - 9:39am | 558One year has passed since the rise of “meme stocks” that included triple-digit increases in the prices of GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC). While both stocks have come down from peaks in 2021, there could be more room to fall, according to a...
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Citron Buys The Dip In Nuvei, Says 'No Proof Of Fraud' In New Short Seller Report
Wednesday, December 8, 2021 - 4:13pm | 597Nuvei Corp (NASDAQ: NVEI) shares dropped 36% on Wednesday after a new short seller report by Spruce Point Capital Management slammed the stock and suggested the company’s management has a track record of nefarious activities. However, Citron Research executive editor Andrew Left took to...
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Ginkgo Bioworks Stock Drops 20% After Short Sellers Call Company A 'Colossal Scam'
Wednesday, October 6, 2021 - 12:37pm | 527Shares of synthetic biology company Ginkgo Bioworks Holdings Inc (NYSE: DNA) traded lower by more than 20% on Wednesday. What Happened? In a new report, Citron Research editor Andrew Left said called Ginkgo "a scheme” and said the company’s recent $24 billion valuation is...
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Why Jumia Could Be Worth More In Sum Of Parts Valuation
Wednesday, May 12, 2021 - 10:50am | 657Shares of Jumia Technologies (NYSE: JMIA) went on quite the ride Tuesday after reporting first-quarter financial results. Investors saw the company report a drop in revenue and shares immediately sold off. Shares traded down to $17.90 before climbing up throughout the day and ended in the...
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Exclusive: Why Citron Research's Andrew Left Says Jumia Could Be Buyout Target
Thursday, May 6, 2021 - 4:22pm | 675Citron Research's Andrew Left appeared on Benzinga's YouTube show "PreMarket Prep At The Close" Thursday to discuss Jumia Technologies AG (NYSE: JMIA) in an exclusive interview. Citron Research published a short report on the stock in 2019 in which it alleged...
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Why Root Is A Better Bet Than Lemonade Among Insurtech Stocks
Friday, March 26, 2021 - 4:40pm | 541Insurtech stocks Lemonade Inc (NYSE: LMND) (down 1.8%) and Root Inc (NASDAQ: ROOT) (up 11%) were mixed Friday after the two companies received some mixed commentary on Wall Street. Disappointing Download Data: On Friday, Bank of America analyst Joshua Shanker said the latest app download data is...
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Lizhi's Stock Rips 30% After Citron Compares Company To Clubhouse And Roblox
Tuesday, March 16, 2021 - 1:42pm | 496Shares of China’s leading audio live-streaming company Lizhi Inc - ADR (NASDAQ: LIZI) traded higher by 30% on Tuesday after Citron Research editor Andrew Left said he likes the stock. What Happened? In a pair of new tweets, Left called Lizhi a “cross-section of Clubhouse, Roblox and NOW...
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Kevin O'Leary Of 'Shark Tank,' Benzinga CEO Jason Raznick Talk GameStop, Bitcoin And Economic Recovery Trades
Thursday, February 25, 2021 - 2:50pm | 1085Benzinga CEO Jason Raznick and O’Shares ETF Investments Chairman Kevin O’Leary participated in a YouTube discussion with O’Shares CEO Connor O’Brien Thursday, covering topics such as Reddit’s WallStreetBets, potential economic recovery trades and the recent volatility...
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GameStop Drama Continues: Soaring Stock Halted, Cramer, Citron Weigh In
Thursday, February 25, 2021 - 12:21pm | 873The volatility surrounding GameStop Corp. (NYSE: GME), AMC Entertainment Holdings Inc (NYSE: AMC) and other so-called meme stocks continued Thursday, with GameStop shares soaring in early trading, triggering multiple halts by the NYSE. Several prominent experts and analysts have also weighed in...
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$1,000, 5 Years Later: Valeant's Wild Ride To Bausch Health
Tuesday, February 16, 2021 - 4:24pm | 562Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return in the last five years is 131.9%. But there is no question some big-name stocks performed better than others along the way. Valeant’s Downfall: One...
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Fintech Focus Roundup For January 30, 2021
Friday, January 29, 2021 - 8:12pm | 1497A Short Seller Joins Benzinga's 'Power Hour' To Talk GameStop. The Rest Is History. On Jan. 21, Citron Research's Andrew Left went live with Benzinga’s Luke Jacobi and Jason Raznick on the daily "Power Hour" show to discuss his opinion on GameStop Corporation. After...
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A Short Seller Joins Benzinga's 'Power Hour' To Talk GameStop. The Rest Is History.
Friday, January 29, 2021 - 1:32pm | 1523The fervor of the crowd versus Wall Street commenced during one of Benzinga's live shows. On Jan. 21, Citron Research's Andrew Left went live with Benzinga’s Luke Jacobi and Jason Raznick on the daily "Power Hour" show to discuss his opinion on GameStop Corporation (NYSE:...
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Citron Research No Longer Publishing Short Reports, Switches Focus To Multibaggers
Friday, January 29, 2021 - 10:23am | 400Noted short seller Andrew Left is changing the focus of Citron Research, the company he founded 20 years ago. What Happened: Citron Research has changed its focus to providing long candidates instead of short reports. The change comes as Left became one of the faces against GameStop Corp (...
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Citron Research To Make 'Major Announcement' At 9 AM
Friday, January 29, 2021 - 8:14am | 291Citron Research is due to make a major announcement today at 9 am EST, the activist short-seller said in a tweet. Citron mentions that the announcement should be watched by all individual investors and ends with “Free Speech and Cautious Investing to all.” See also: How...
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Melvin Backer Point72 Suffers 15% Loss Over GameStop Short Squeeze: NYT
Thursday, January 28, 2021 - 3:41am | 428Point72 has suffered a loss amounting to nearly 15% this year — thanks to the sharp uptick in the shares of GameStop Corporation (NYSE: GME), a person familiar with the matter told the New York Times. What Happened: The hedge fund run by Steve Cohen — the owner of New York Mets...