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Will Carvana stock fall to $100 after Hindenberg report? (before March 1st)
13
Ṁ10kṀ100k
resolved Mar 1
Resolved
NO

On Thursday, short seller Hindenberg Research published a scathing report on online used car retailer Carvana.
https://deepnewz.com/law/hindenburg-accuses-carvana-accounting-grift-impacts-40-billion-market-cap-7c26b6d0

Accusing the company of self-dealing and accounting fraud, specifically in its auto-loan division, where the company makes most of its profits.

The stock traded as high as $260 in late November.

It slid almost 20% this past week, including after the report.

Will the stock continue to slide?

The market will resolve YES if the Carvana stock trades for under $100 (not including after hours) before March 1st. Otherwise will resolve as NO.

If the company goes bankrupt or de-lists, that will also resolve as YES. Otherwise will resolve as NO.

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