FMC Corp shares are trading lower after Blue Orca Capital's short report citing non-disclosure of recent legal defeats that enabled competitors to sell generics up to 80% below the price of FMC's flagship insecticide.
Portfolio Pulse from Benzinga Newsdesk
FMC Corp's shares are trading lower following a short report by Blue Orca Capital. The report cites FMC's non-disclosure of recent legal defeats that have allowed competitors to sell generics at up to 80% below the price of FMC's flagship insecticide.
September 07, 2023 | 2:02 pm
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FMC Corp's shares are trading lower due to a short report by Blue Orca Capital, which cites non-disclosure of legal defeats that have allowed competitors to sell generics at lower prices.
The short report by Blue Orca Capital has highlighted FMC's non-disclosure of recent legal defeats. This has allowed competitors to sell generics at up to 80% below the price of FMC's flagship insecticide, which could significantly impact FMC's market share and profitability. This negative news is likely to impact investor sentiment and put downward pressure on FMC's stock price in the short term.
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