US Stock Market Move | Soros reportedly shorting Carvana (CVNA.US), causing it to drop more than 6% at one point.
Carvana's stock price has fluctuated significantly, currently up more than 2%, after previously falling more than 6%.
In Thursday's midday trading on the US stock market, the stock price of used car retailer Carvana (CVNA.US) fluctuated significantly, rising over 2% after previously falling more than 6%. On the news front, short-selling firm Hindenburg Research announced that it was shorting Carvana. Hindenburg Research stated that after four months of research, they found that Carvana sold $800 million in loans to potentially undisclosed related parties, engaged in accounting manipulation, and at the same time, insiders cashed out billions of dollars in stock.
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