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Sonos rises after short seller Andrew Left predicts Apple takeover and sees 130% upside (SONO, AAPL) 2020
Sonos rises after short seller Andrew Left predicts Apple takeover and sees 130% upside (SONO, AAPL) 2020
Sonos
Sonos rose Monday after Citron Research's famous short seller Andrew Left released a note saying Apple would likely take over the smart speaker company.
Citron expects Sonos shares to increase from around 130% to $ 30.
The company praises Sonos' resilience to large-cap tech competitors such as Google, Amazon and Apple, citing the company's 18-year consecutive sales growth as evidence of…
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Tesla competitor Nikola is doomed to drop 40% in a month, says famous short seller (NKLA) 2020
Tesla competitor Nikola is doomed to drop 40% in a month, says famous short seller (NKLA) 2020
Nikola
The Nikola Corp. has been in a tear since last week's IPO. The stock doubled in a single day as investors hungry for another Tesla-like stock stacked in the name.
At some point, Nikola Corp., which has not yet sold a single car or generated revenue, has found that its market valuation outperforms the car giants that sell millions of cars like Ford and Fiat Chrysler each year.
Citron…
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The guy who crushed Valeant just slammed another pharma stock
The guy who crushed Valeant just slammed another pharma stock
Shares of specialty pharma company Mallinckrodt tanked after Citron Research, a short-selling firm led by Andrew Left, Tweeted that it has “more downside than Valeant.” Mallinckrodt’s share price fell more than 22%. This isn’t the first time Mallinckrodt has been in focus. The overnight pric…
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