J.P. Morgan Maintains E.l.f. Beauty(ELF.US) With Buy Rating
e.l.f. beauty (aelf.US) denies the baseless allegations made in the short seller report.
Beauty company e.l.f. beauty (ELF.US) said on Thursday that the short-selling institution Muddy Waters' accusations of exaggerating its revenue and inventory data are "baseless".
aelf Beauty responds to being shorted by Muddy Waters: The accusations of inflating revenue and inventory data are 'completely unfounded'.
aelf Beauty stated in a Thursday statement that the short-selling institutions Muddy Waters' accusations of exaggerating revenue and inventory data are 'baseless,' and that the short-selling report is an attempt by a well-known short seller to negatively impact Elf Beauty's stock price for their own benefit.
Muddy Waters CEO expects Trump to make more anti-short sell remarks.
Carson Block, the CEO of the well-known short sell institutions Muddy Waters Capital, predicts that Trump will make more remarks against short sellers during his term in office.
Express News | Elf Beauty Inc: Issues Statement Refuting Short-Seller Report
U.S. stock market closing | The three major indices showed mixed results, with nvidia temporarily falling over 5% after hours; bitcoin reached a new high, and stocks related to cryptos surged, with microstrategy rising by 10%.
S&P, Dow Jones, small cap stocks turned higher in the final hour, with the Nasdaq's decline significantly narrowing. Nvidia fell nearly 3% before closing down 0.8%, dropping 5% at one point after hours, as the financial report stated that Hopper and Blackwell face supply restrictions.