-
Citron Research On AveXis: This Will Be One Of 2017's Biotech Blowups
Thursday, December 15, 2016 - 12:03pm | 519Citron Research's latest target is AveXis Inc (NASDAQ: AVXS), a clinical-stage gene therapy company that focuses on creating gene therapy treatments for patients suffering from neurological genetic diseases. Citron Research, the notable short-selling research firm, blasted AveXis in a report dated...
-
Andrew Left Challenges Mallinckrodt, Compares Acthar To The EpiPen
Wednesday, November 16, 2016 - 4:12pm | 283Shares of Mallinckrodt PLC (NYSE: MNK) sold off Wednesday after Citron Research released a new thesis on the maligned pharmaceutical company. The new report valued the stock at $20 and alleged the company "has committed fraud [emphasis omitted] by lying to the investing public about the...
-
Mallinckrodt Spikes On Citron Tweet
Friday, March 18, 2016 - 2:56pm | 197Mallinckrodt PLC (NYSE: MNK) is up roughly 4 percent at $54.80 on Friday. Contributing to the spike is a tweet from Citron Research, which read: "Clarification: Citron does not recommend short $MNK at $54 for short-term. Wait for fundamentals to ‘kick in' and guide lower –...
-
Citron: Mallinckrodt Makes Valeant Look Like Choirboys
Tuesday, March 15, 2016 - 3:13pm | 434Valeant Pharmaceuticals Intl Inc (NYSE: VRX)'s 50 percent plunge on Tuesday is also sparking a selloff in another drug company that Citron's Andrew Left says is the “poster child” for price gouging: Mallinckrodt PLC (NYSE: MNK). Mallinckrodt owns two different drugs, Acthar...
-
Buy The Dip In j2 Global, Susquehanna Says
Friday, March 11, 2016 - 3:15pm | 672Shares of Internet services firm J2 Global Inc (NASDAQ: JCOM) recovered after a heavy selloff on Thursday, which saw its stock price plunge as much as 20 percent following a Citron sell report. J2 Global responded to the report saying, "We believe it is both factually incorrect and wrongly...
-
Fitbit On The Rise As Citron Comes Out Positive
Friday, March 11, 2016 - 1:28pm | 403Shares of Fitbit Inc (NYSE: FIT) hit a day's high of $14.52 after short-seller Andrew Left's positive comments on the company. "Tough to short here because wearables are for real with a big total addressable market. It is a compelling product," Citron Research's Andrew...
-
Tesla Short Sellers Paying Much Higher Interest To Bet Against Company
Thursday, March 3, 2016 - 12:36pm | 375Tesla Motors Inc (NASDAQ: TSLA) shares have had quite a week. While the issue is up 13.25 percent over the past five trading days, Tuesday afternoon and Wednesday saw some significant action following a tweet by Andrew Left of Citron. Left's Tuesday tweet supported shorting Tesla for multiple...
-
Tesla's Apparent Oil Correlation Doesn't Make Stock A Buy: Why Citron Is Short
Wednesday, March 2, 2016 - 2:52pm | 388Tesla Motors Inc (NASDAQ: TSLA) shares are recovering on Wednesday after Citron's Andrew Left tweeted on Tuesday that he's again short the stock with a price target of $100. "Recently, as the price of oil started to increase in the past week as did the price of Tesla...I heard too...
-
Valeant Gets Closer To Left's $50 Target After New Accounting Fears
Monday, February 22, 2016 - 9:59pm | 379Valeant Pharmaceuticals Intl Inc. (NYSE: VRX) shares plunged nearly 9 percent in Monday's after-hours trading session following word the company may have to restate financial results, before recovering slightly. The potential restatement, according to sources, would come on the heels of a...
-
Critical Of Monster's Valuation, Citron Anticipates A Drop To $80
Friday, January 29, 2016 - 2:07pm | 429In an emphatic report Friday, Citron Research boasts on Monster Beverage Corporation (NASDAQ: MNST), "MNST has continued to defy gravity— as if the stock drank four cans of its own product." Among Monster's achievements, Citron highlighted its pricing power: "The bear...
-
EXCLUSIVE: Philidor Calls Short-Sellers 'Discredited' And 'Patently False'; Citron's Andrew Left Responds
Tuesday, November 10, 2015 - 6:42pm | 186Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares are relatively unchanged in Tuesday's after-hours session following a press release from Philidor. The specialty pharma company said it's "deeply disappointed" its working relationship with Valeant has ended, adding that it...
-
JPMorgan Analyst Defends Valeant, Cites Continued Performance Of Two-Thirds Revenue
Tuesday, November 10, 2015 - 2:10pm | 423Shares of Valeant Pharmaceuticals Intl Inc (NYSE: VRX) have been taking it on the chin recently. The stock lost more than 50 percent over the past month on the back of the Citron saga. However, analysts at JPMorgan believe fundamentals remain intact, despite the near-term impact of the controversy...
-
Mallinckrodt The Latest To Feel Citron's Wrath, Has Significantly More Downside Than Valeant
Monday, November 9, 2015 - 4:22pm | 349Shares of Mallinckrodt PLC (NYSE: MNK) were trading down more than 17 percent on Monday afternoon. The decline appears to have been triggered by a tweet from Citron Research (@CitronResearch), which read, “At these prices $MNK has signif more downside than $VRX-- far worse offender of...
-
Valeant Pharmaceuticals Trading Higher
Monday, November 2, 2015 - 2:33pm | 98Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares are trading higher by $5 at $98.77 in Monday's session. A dire warning from Citron's Andrew Left along with a Jefferies downgrade has not instigated another leg lower in the volatile issue. Instead, it managed to trek higher, and after a brief...
-
Valeant Denies Citron's 'Erroneous' Report; Analysts Also Cast Doubt
Wednesday, October 21, 2015 - 1:56pm | 572Shares of Valeant Pharmaceuticals Intl Inc (NYSE: VRX) plummeted 40 percent on Wednesday after noted short-seller Citron Research referred to the company as the "pharmaceutical Enron." Citron's report said it has published a "smoking gun" detailing what it calls a "cover up" concerning Valeant's...