Posted 4/12/2024, 4:15:21 PM
Fuzzy Panda Research Starts 2024 as Top Performing Short Seller As Globe Life Shares Plunge 53% After Critical Report
- Fuzzy Panda Research was the top performing activist short seller in 2023 with targeted companies falling 63% on average
- Globe Life shares plunged 53% after Fuzzy Panda released a critical report, adding to the firm's successful start in 2024
- Fuzzy Panda has had a streak of successful short calls over the past few years even as conditions have been difficult for short sellers
- Analysts are concerned about uncertainty for Globe Life stemming from a Department of Justice investigation related to allegations in the report
- While some past Fuzzy Panda targets have rebounded, recent stock drops have drawn more attention to the short seller's track record