Grifols Says Does Not Understand Different Interpretation Made By Gotham City Research Unless Only Thing It Intends, As A Short-Term Fund Is To Lower The Price Of Share
Portfolio Pulse from Benzinga Newsdesk
Grifols, a global healthcare company, has expressed confusion over the interpretation of its financial information by Gotham City Research. Grifols suggests that Gotham City Research, being a short-term fund, may have the intention of lowering Grifols' share price.
January 09, 2024 | 2:53 pm
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Grifols is concerned about Gotham City Research's interpretation of its financials, which could be an attempt to manipulate the stock price for short-selling benefits.
The news indicates a potential conflict between Grifols and Gotham City Research, which could lead to negative sentiment among investors. As Gotham City Research is known for its short-selling strategies, their interpretation could be aimed at benefiting from a decline in Grifols' stock price. This could result in short-term downward pressure on the stock as investors react to the possibility of negative research findings being published.
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