SEC Sues Andrew Left And Citron Capital Over Stock Short Sales; SEC Alleges Left, Citron Committed Fraud With Reports, Trading
Portfolio Pulse from Benzinga Newsdesk
The SEC has filed a lawsuit against Andrew Left and Citron Capital over alleged illegal stock short sales. This legal action could have implications for stocks that have been targeted by short sellers, such as GameStop (GME).
July 26, 2024 | 11:55 am
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The SEC's lawsuit against Andrew Left and Citron Capital over illegal short sales could impact GameStop (GME), a stock that has been heavily targeted by short sellers.
GameStop (GME) has been a prominent target of short sellers, including Citron Capital. The SEC's legal action against Citron could lead to increased scrutiny and potential changes in short-selling practices, which may positively impact GME's stock price in the short term.
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