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TAL Education Reports Employee Wrongdoing Involving Sales Fraud
Wednesday, April 8, 2020 - 8:09am | 263Read More...TAL Education (NYSE: TAL) shares are trading lower after the company reported it discovered employee wrongdoing in its internal auditing process, which accounts for 3-4% of the company's total estimated sales. The company suspects that the employee in question had conspired with external...
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38 Biggest Movers From Yesterday
Thursday, June 14, 2018 - 4:17am | 1428Read More...Gainers Pivotal Software, Inc. (NYSE: PVTL) surged 32.96 percent to close at $28.20 after reporting strong Q1 results. Enphase Energy, Inc. (NASDAQ: ENPH) shares jumped 32.89 percent to close at $5.98 on Wednesday after the company announced plans to acquire Sunpower’s Microinverter...
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Muddy Waters Says TAL Education's Accounting Is Reminiscent Of Enron
Wednesday, June 13, 2018 - 3:02pm | 397Read More...TAL Education Group (ADR) (NYSE: TAL) stock was plunging 10 percent oWednesday after short seller and Muddy Waters founder Carson Block called the company a fraud. Tal has overstated its net income by more than 43 percent in its past two fiscal years, Block said, comparing the Chinese...
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ICYMI: Short Seller Slams OSI Systems, Sell-Side Makes Some Notable Calls
Thursday, December 7, 2017 - 8:26am | 423Read More...In case you missed it, here are some of Benzinga's top stories from Wednesday, Dec. 6, 2017. Short Sellers Keep Things Interesting For the second day in a row, a noted short seller went on the attack as Muddy Waters Research founder Carson Block took aim at OSI Systems, Inc (NASDAQ: OSIS)....
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Short Seller Says OSI Systems Is 'Rotten To The Core'
Wednesday, December 6, 2017 - 1:30pm | 682Read More...Notorious short seller and Muddy Waters Research Founder Carson Block has a new target: technology and medical supply company OSI Systems, Inc. (NASDAQ: OSIS). In a new short film posted on the company’s website, Short says OSI is “rotten to the core” and has been artificially...
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Citi Analyst: We Prefer Snap Over Twitter
Thursday, August 10, 2017 - 12:06pm | 518Read More...Neither Snap Inc (NYSE: SNAP) nor Twitter Inc (NYSE: TWTR) are first-round drafts for Citi Research analyst Mark May, but if forced to pick one, he’d take Snap. Some might question the preference considering Twitter’s outperformance, but May is decisive, justifying his position by less...
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8 Of The Biggest Whistles Ever Blown On Wall Street
Monday, July 31, 2017 - 9:46am | 666Read More...Chelsea Manning, Edward Snowden, Julian Assange, Deep Throat. You know the names. Whether you consider them informants, patriots or glorified tattle-tales, whistleblowers have significantly impacted United States history. They‘ve alerted us to illegal or unethical activity in public and...
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Muddy Waters Shorts Prothena On Doubts Of Drug Candidate's Efficacy
Thursday, June 29, 2017 - 3:10pm | 487Read More...Short-seller Muddy Waters Research has a new target for its cynical trade strategy. The firm’s Carson Block announced a short position in Prothena Corporation PLC (NASDAQ: PRTA) Thursday on Bloomberg TV, prompting an immediate, 7-percent plunge. Prothena recovered nearly all of its losses but...
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The Market In 5 Minutes
Wednesday, June 7, 2017 - 9:01am | 2361Read More...IN THE NEWS BENZINGA David Einhorn needs a new vision for General Motors Company (NYSE: GM). The Greenlight Capital founder suffered defeat at Tuesday’s annual meeting as shareholders rejected his Board nominees and proposal to establish two stock classes: Link Muddy Waters' Carson...
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Carson Block Is Increasingly Concerned With A Whistleblower Case Snap Faces
Tuesday, June 6, 2017 - 2:50pm | 359Read More...Muddy Waters' Carson Block is one of the most notable short-seller investors and appears to be building a case against Snap Inc (NYSE: SNAP). By his own admission in late May, he isn't short Snap's stock "but might be" in the future if the company doesn't address his...
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Why Twitter And Snap Have Monetization Problems
Wednesday, May 31, 2017 - 4:09pm | 399Read More...MoffetNathanson's Michael Nathanson was a guest on CNBC's "Squawk Box" segment on Wednesday to discuss a problem that plagues both Twitter Inc (NYSE: TWTR) and Snap Inc (NYSE: SNAP)'s stock: monetization. President Trump Isn't A Positive Nathanson said Twitter's platform isn't set up properly to be...
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Muddy Waters Takes A Shot At Asanko Gold
Wednesday, May 31, 2017 - 2:29pm | 382Read More...Asanko Gold Inc (NYSE: AKG) sunk 30 percent Wednesday on a Muddy Waters Capital report predicting an impending plunge to zero. “On the back of flawed geology, AKG made investments in Nkran, its satellite pits, and Esaase that we believe will never be recovered,” Carson Block,...
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Celebrating The Anniversary Of The Short Sale
Thursday, May 25, 2017 - 4:04pm | 233Read More...On May 25, 1931, the New York Stock Exchange delivered its first public report on the total number of shares sold short to that day, as well as that amount as a percentage of the total equity available on the market -- the short interest. On that day, the NYSE reported 5.6 million shorted shares,...
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Muddy Waters' Carson Block Isn't Short On Snap, 'But Might Be' In The Future
Thursday, May 25, 2017 - 11:31am | 413Read More...Muddy Waters' Carson Block is one of the most notable short-seller investors and one of the stocks on his watchlist as a potential target is Snap Inc (NYSE: SNAP). Speaking as a guest on Wednesday's "Bloomberg Markets" segment, Block acknowledged he isn't currently short Snap "but might be" in the...
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Muddy Waters' Block: 'We Are A Loud Mouth' Short Seller
Tuesday, March 7, 2017 - 12:42pm | 313Read More...Carson Block, the founder and chief investment officer of Muddy Waters, was a guest on CNBC's "Squawk Box" segment Tuesday to talk about what appears to be an unpopular strategy among investors and fund managers — shorting stocks. Carson was quick to point out that assets under management for...















