CVNA up nearly 10% today. Hindenburg research to shutter
Posted: Jan 15, 2025
- Carvana ($CVNA) was exposed for fraudulent accounting
- Stock is rallying back to $214 a share
- Similarity to 2007 mortgage crisis with increasing credit default swap pricing
- Value of company is much lower than current stock trading price
- Serious doubts on company's fundamentals
- Hindenburg Research holds significant short position in the stock
- Forensic accounting firm may shutter doors soon
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