Sprucepoint Capital

Shares of iRobot Corporation (NASDAQ:IRBT) fell over 16% on Monday after the company's highly anticipated $1.7 billion merger deal with Amazon.com, Inc. (NASDAQ:AMZN) fell apart, taking its stock below 52-week lows. Shares in the company recovered during Monday afternoon, to reach a 7% daily drop...

Samsara Inc (NYSE: IOT) shares are trading higher by around 14% after it reported Q3 FY24 results. The company reported revenue growth of 40% Y/Y to $237.5 million, beating the consensus of $224.7 million. ARR of $1.003 billion represented 39% Y/Y growth. Samsara ended Q3...

Spruce Point Capital Management issued a detailed report with a strong sell research opinion for Samsara Inc (NYSE: IOT). In the report, Spruce Point provides an in-depth analysis explaining why Samsara may be exposed to substantial long-term downside risk, ranging...

Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success.  Despite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed...

Popular weight loss and diabetes drugs, Ozempic and Wegovy, have reportedly caused stomach paralysis in some users. What Happened: Life-altering side effects are causing some to question whether the benefits of the Novo Nordisk A/S (NYSE:NVO) produced medications outweigh the costs, according to...

Healthcare company Hims & Hers Health (NYSE: HIMS) went public via SPAC merger in 2021. Since then, the company has announced partnerships with Miley Cyrus and Rob Gronkowski in efforts to market its products. After seeing shares up in 2023, a short seller is attacking the company’s legal...

Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success.  Despite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed...

Perion Network Ltd (NASDAQ: PERI) shares are trading higher Thursday morning following preliminary results for Q2 2023.  The company expects to report revenues of $176.0 million (+20% Y/Y) vs. consensus of $169.88 million and adjusted EBITDA of $40.0 million (+40% Y/Y),...

DoubleVerify Holdings Inc (NYSE: DV) disclosed a partnership with TVision to expand attention measurement in Connected TV (CTV). The deal aims to boost performance measurement across CTV and deliver a vast and scalable attention offering in the market. The combined offering will...

Wall Street Journal Yelp Stock Soars: Activist Investor Recommends Exploring Sale At Double Value Activist investor TCS Capital Management has built a stake in Yelp Inc (NYSE: YELP) and urged the service-recommendation site to explore strategic alternatives, including a sale....

A short report issued by Spruce Point Capital on Tuesday raises concerns about the financial practices of Perion Network, Ltd. (NASDAQ: PERI). The short seller is questioning the company's reporting and growth sustainability, with the report stating the situation could result in...

Icahn Enterprises LP (NASDAQ: IEP) responded strongly to a short-seller report by Hindenburg Research that accused the investment firm's founder, Carl Icahn, of mismanagement. What Happened: Hindenburg's report alleged that IEP operated a Ponzi-like scheme, utilizing funds from new...

Short seller Spruce Point has targeted DoubleVerify Holdings Inc (NYSE: DV) with a new strong sell report and shares are reacting negatively. What Happened: Spruce Point on Tuesday published a bearish report on digital media analytics software platform company DoubleVerify.  The...

Nuvei Corp (NASDAQ: NVEI) shares are facing selling pressure Tuesday after Spruce Point released a strong sell research opinion on the company.  What Happened: Investment management firm Spruce Point released a bearish report on Nuvei Tuesday morning titled, "Fool Me Once, Twice,...

The S&P 500 index, which is tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), posted a gain of 6.2% in the first quarter of 2023, while technology stocks in the Nasdaq 100 index, which is tracked by the Invesco QQQ Trust Series 1 (ARCA: QQQ), fared much better by posting a 20% increase in...