All articles tagged with #citron research
Palantir's stock fell 2% after Citron Research expressed caution about its valuation, comparing it unfavorably to OpenAI and highlighting insider selling concerns, amid broader worries about AI market bubbles and competitive pressures.
Short-seller Andrew Left of Citron Research has criticized MicroStrategy, claiming its valuation is unsustainable and detached from Bitcoin's performance. Despite MicroStrategy's significant Bitcoin holdings, Left argues the company's market cap is overvalued, leading Citron to take a short position against it. MicroStrategy's stock dropped 16% following Citron's report, highlighting concerns over its strategy of leveraging Bitcoin investments.
MicroStrategy's stock plummeted 16% after Citron Research announced a short position against the company, which has heavily invested in Bitcoin. Despite Bitcoin's recent surge, Citron argues that MicroStrategy's stock is detached from Bitcoin fundamentals, especially with the availability of Bitcoin ETFs. This marks a significant downturn for MicroStrategy, which had seen its market value soar earlier in the year.
Citron Research has announced a short position in MicroStrategy, the largest corporate holder of bitcoin, citing a detachment from bitcoin fundamentals despite a recent surge in bitcoin prices. MicroStrategy's shares fell over 8% following the announcement, even as bitcoin prices approached $100,000 after Donald Trump's presidential election victory. Citron expressed respect for MicroStrategy's Executive Chairman Michael Saylor but suggested the company's stock is overheated. MicroStrategy has been actively raising capital to acquire more bitcoin, including a recent $2.6 billion debt offering.
MicroStrategy's stock dropped by up to 10% after Citron Research announced it is shorting the company, which has become heavily invested in Bitcoin. This decline reversed a previous 15% gain, although the stock had risen 650% earlier this year.
Citron Research founder Andrew Left is shorting GameStop again, despite a 100% loss in 2021, arguing the stock is overvalued. Left, who has profited from shorting other companies, recently made a profit on a GameStop short and is now doubling down after a social media post by trader Keith Gill. He acknowledges the risks of shorting "cult" stocks and has limited his exposure this time.
Citron Research founder Andrew Left is shorting GameStop again, despite a 100% loss in 2021, arguing the stock is "extremely overvalued." Left, who previously halted short reports due to harassment from GameStop shareholders, made a profit on a recent short position and has doubled down after a social media post by trader Keith Gill. He acknowledges the risks of shorting "cult" stocks and has limited his exposure this time.