Why Investors Were Piling Into Carvana Stock Again This Week

One very vocal critic of the management and business conduct of Carvana (NYSE: CVNA) is apparently shutting down, in a rather unexpected and surprising move. This helped keep the stock's rally alive for a second straight week. According to data compiled by S&P Global Market Intelligence, its price was up by over 20% week to date as of early Friday morning.That critic is short-seller firm Hindenburg Research, which has become somewhat famous -- or infamous, to some -- for its scathing reports about its target companies. Hindenburg's list of shorts includes Carvana, whose stock price declined following a recent takedown from the short-seller. On Wednesday, the firm's founder Nate Anderson divulged that Hindenburg is to be disbanded following the last of its "Ponzi cases." This presumably refers to the series of short-seller reports, many of which have negatively impacted the stocks being profiled.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool