Consumers File Class Action Against Fitbit, Inc. That Fitbit Charge HR and Surge Heart Rate Monitors Do Not Accurately Track Users’ Heart Rates
Friday Volume was 4 Million, most traders took of Friday, Millions of Shorts Need to Cover
Martin Shkreli Sets Out To Crush KaloBios Shorts: Will Stop Lending Out Shares
by Tyler Durden on 11/26/2015 20:02 -0500
Markit Short Interest Volkswagen
The brutal tragedy of at least one KaloBios short seller was first documented a week ago when we noted the margin call massacre that befell "novice" trader Joe Campbell, who went to bed with a $35K short on Wednesday and woke up with a $106 margin call the next morning after it was revealed that a "consortium" led by Martin Shkreli had taken an unknown stake in heretofore insolvent KBIO.
However, the story did not end there because the very next day we got new information that Shkreli had not bought just any amount of KBIO shares but a whopping 70%. Shkrell is unleashing a Volkswagen scenario, in which he has acquired enough shares to leave more shorts outstanding than there is actual float sending shares higher.
Jawbone Files Antitrust Claim Against Rival Fitbit
Dispute between makers of wearable devices escalates
Valeant Pharmaceuticals (VRX) Stock: No Bottom in Sight