StockNews.AI
OPEN
Benzinga
1 min

Pharma Bro Martin Shkreli Confirms Shorting Opendoor, Plans Public Due Diligence Campaign Into The Firm: 'I Shorted $OPEN'

1. Martin Shkreli shorted OPEN stock at $9.36, signaling bearish sentiment. 2. Shkreli plans public due diligence campaign against Opendoor Technologies Inc. 3. He calls OPEN 'an obvious short', warning investors to stay away. 4. Citron Research also bets against OPEN, questioning its financial viability. 5. OPEN's stock dropped 6.06% on the announcement, showing immediate negative impact.

5m saved
Insight
Article

FAQ

Why Very Bearish?

Shkreli's prominent short position and negative remarks may shake investor confidence, similar to previous retail favorites that plummeted after garnering similar criticism.

How important is it?

The article covers significant bearish sentiment from influential market figures, which typically sways short-term trading behavior and stock price.

Why Short Term?

The immediate impact is observable as investor sentiment reacts to negative news; historical instances with high-profile short-sellers indicate rapid price movements in the short term.

Related Companies

Related News