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Kevin O'Leary Says Calls To Ban Short Selling 'Absolutely Ridiculous': 'Let The Markets Be The Markets!'
Friday, June 2, 2023 - 2:17pm | 806When asked what he thinks about banning short sellers, investor and "Shark Tank" star Kevin O’Leary didn’t hold back. What Happened: With the regional banking sector seeing pressure after several collapses and bankruptcies, there are increasing calls to ban short selling...
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Sigma Lithium Short Seller Says Forget About Tesla Buyout, Projects 50%-75% Downside
Tuesday, March 21, 2023 - 12:11pm | 524Grizzly Research LLC has issued a short report on Sigma Lithium Corp (NASDAQ: SGML), estimating a 50%-75% drop in the share price and shooting down acquisition rumors. The Short Report: The company's share price rose by more than 180% in the last year, driven by rumors of acquisition...
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Here's How Much Short Sellers Have Lost From Betting Against Tesla Since 2010
Tuesday, March 7, 2023 - 2:20pm | 737Shares of electric vehicle company Tesla Inc (NASDAQ: TSLA) are up more than 7,000% in the last 10 years. Despite the strong gains the stock has shown, a large number of investors have bet against the stock by going short, which has been a costly move for many. What Happened: Tesla posted...
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Investor Who Beat The S&P 500 For 15 Straight Years Is Short Tesla Stock And Betting Against 'Genius' Elon Musk
Thursday, January 12, 2023 - 2:32pm | 716A legendary investor with a strong track record of performance for his funds is betting against electric vehicle leader Tesla Inc (NASDAQ: TSLA). While the investor recognized Tesla as a great company, he saw several reasons why shares could go lower. What Happened: Shares of Tesla were...
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Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report
Monday, January 2, 2023 - 10:44am | 510Banking giant Citigroup (NYSE: C) considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management. Austin Campbell, the former co-head of...
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Why This Short Seller Is Doubling Down Against Cryptocurrency, Says 'US Government Should Be Embarrassed' About FTX Debacle
Monday, November 14, 2022 - 4:43pm | 729Activist investor and short seller Citron Research made headlines in 2021 for attacking stocks like GameStop Corporation (NYSE: GME) and other popular companies with the retail investment crowd. The attack led to a David vs. Goliath battle and a short squeeze. Earlier this year, Citron Research...
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Q3 Earnings Begin, PPI Ahead Of Tomorrow's CPI
Wednesday, October 12, 2022 - 10:11am | 1191Good Morning Everyone! Short selling is at an abnormally high level. Almost as bad as 2007. Are we near peak pessimism? Prices as of 4 pm EST, 10/11/22; % YTD MARKET UPDATE S&P 500 bouncing off key 3600 support as we get CPI tomorrow Tax-loss selling picking up as we get closer to...
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Short Seller Jim Chanos Betting Against This Booming Tech Sector: 'This Is Our Big Short'
Wednesday, June 29, 2022 - 11:58am | 723Famed short seller Jim Chanos has a new industry he’s targeting with bets against a high growth area. Here’s why, despite the growing industry, Chanos sees pain for the market leaders. What Happened: Chanos is getting ready to place a big bet against data centers, according to a report...
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Why This Investor Is Betting Against Donald Trump, Cathie Wood And Elon Musk Right Now
Monday, April 4, 2022 - 12:30pm | 925Just a few days into April, a popular investor known for sharing his short ideas has already taken on Donald Trump, Cathie Wood and now Elon Musk with short bets and callouts. What Happened: Seabreeze Partners Manager and Real Money Pro Contributor Doug Kass announced Monday morning...
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Is This The Right Time To Start Short-Selling Stocks?
Monday, January 24, 2022 - 3:43pm | 719By the end of 2021, the stock market showed similarities to the dot-com bubble burst. Still, the extent of the latest down-movement was anything else but expected by market participants. The SPDR S&P 500 ETF Trust (SPY: NYSE) fell from its all-time highs of $479.98 (January 4, 2022) to $...
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Why Are TaskUs Shares Trading Lower Today?
Thursday, January 20, 2022 - 2:28pm | 264Spruce Point Capital Management, LLC issued a report entitled "Moderating The Bull Case Content," justifying TaskUs, Inc (NASDAQ: TASK) facing up to 25% - 50% long-term downside risk, or $17.80 – $26.70 per share. The report uncovered evidence of CEO and co-...
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TradeZero Lands SPAC Deal: What Investors Should Know
Tuesday, October 12, 2021 - 11:00am | 410A leading trading platform on Tuesday announced a SPAC deal to go public. The SPAC Deal: TradeZero announced a merger with Dune Acquisition Corporation (NASDAQ: DUNE) in a deal valuing the company at a post-transaction enterprise value of $556 million. The company will trade as TradeZero...
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Here's Why Chamath Sold Some SPCE And Believes In CLOV, SPACs
Thursday, September 30, 2021 - 4:12pm | 646One of the most polarizing figures in the SPAC investing world has been Chamath Palihapitiya. The noted investor and Social Capital CEO has brought 10 SPACs to market and closed four deals along with investing in the PIPEs for others. Chamath on SPACs: After seeing significant interest and...
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Short Seller Accuses Oat Milk Producer Oatly Of Falsifying Revenue, Greenwashing
Wednesday, July 14, 2021 - 2:31pm | 263What Happened: Short-selling asset management firm Spruce Point Capital Management has accused Oatly Group (NASDAQ: OTLY) of falsifying its revenue and margins alongside greenwashing investors. An Oatly spokesperson said of the Spruce Point Report that “Oatly rejects all these false...
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Reports: Justice Department Investigating Lordstown Motors
Friday, July 2, 2021 - 4:36pm | 654The Justice Department is probing financially troubled Lordstown Motors Corp., according to several media reports Friday. It is the latest blow to the company that plans to begin building battery-powered commercial pickup trucks this fall at a former General Motors plant in the northeast Ohio town...