Spruce Point Capital Says No Longer Short Nuvei; It Reached Our Price Target Range
Portfolio Pulse from Happy Mohamed
Spruce Point Capital has announced that it is no longer shorting Nuvei as the company has reached their price target range.
June 28, 2023 | 6:08 pm
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POSITIVE IMPACT
Nuvei's stock may experience a positive impact as Spruce Point Capital has stopped shorting the company's shares.
Short selling exerts downward pressure on a stock's price. Now that Spruce Point Capital has stopped shorting Nuvei, this pressure is removed, potentially leading to a rise in Nuvei's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100