All articles tagged with #short seller report
Tempus AI's stock plummeted after a bearish report from Spruce Point Capital accused the company of aggressive accounting and financial irregularities, warning of a potential 50-60% downside, despite the company's strong growth and CEO's defense.
Tempus AI's stock plummeted 18.7% following a short report from Spruce Point Capital alleging overhyped AI claims, potential accounting irregularities, and leadership issues, leading to concerns about its valuation despite being a favorite of Cathie Wood.
Adani Transmission and Adani Enterprise, two companies under the Adani Group, plan to raise up to $2.57 billion from the stock market through selling equity shares via qualified institutional placements or other permissible modes. This comes months after a short-seller report battered investor confidence and drove share prices down. Adani Green Energy Ltd, which was also expected to announce similar funding plans, rescheduled its board meeting to May 24.
Icahn Enterprises has lost $7.5 billion in value since a short-seller report alleged the company was overvalued, over-leveraged, and overstated the value of its holdings. Shares in Icahn have declined more than 40% since the report was published. The company has pushed back its quarterly earnings call to May 10 and maintains that it stands by its public disclosures.
Icahn Enterprises will declare a distribution of $2 per unit for the quarter ended March 31, and activist investor Carl Icahn said the company does not face liquidity problems. The company has lost about 36% of its value and some $6.5 billion of market cap as of Thursday after a short-seller report. Icahn reassured long-term unitholders that the market disruption caused by the report does not affect IEP’s liquidity.