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