FTAI Aviation says it strongly disagrees with assertions in Muddy Waters short report
FTAI Aviation (NASDAQ:FTAI) said it "strongly" disagrees with the assertions in the Muddy Waters short report on Wednesday. "The Company believes that the recent report by Muddy Waters is an attempt to profit at the expense of FTAI’s shareholders by manipulating the Company’s stock price,
FTAI Aviation shares sink following investigation into short-seller claims
Shares of FTAI Aviation plummeted more than 30% on Tuesday after the U.S. aircraft lessor announced that its audit committee would investigate claims of financial irregularities made by short-seller Muddy Waters Research.
FTAI Aviation May Delay 10-K After Short-Seller Report
FTAI said it strongly disagrees with the report's claims, but will likely need time to review them thoroughly as it prepares audited financial statements for fiscal 2024. As a result, the filing of the annual report may be delayed, the company said. FTAI shares dropped 20% to $89.91 in premarket trading.
Why FTAI Aviation (FTAI) Stock Is Falling Today
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) fell 7.4% in the afternoon session after Muddy Waters, a research firm known for short reports and bets that stocks are overvalued, published a report on FTAI.
FTAI Stock Plummets in Fallout From Short Seller’s Report.
The aerospace lessor and maintenance company said an investigation into allegations made by Muddy Waters could delay its financial statements.
FTAI Aviation stock falls 8.8% premarket amid review announcement
FTAI Aviation's stock fell by 8.8% in premarket trading following the company's announcement that its board has decided to initiate a review. This decision comes in response to allegations made in a report by Muddy Waters (NYSE:WAT).
FTAI Aviation plunges after saying it will begin review in response to short report
FTAI Aviation (NASDAQ:FTAI) dropped 25% in premarket trading after the company's board determined that it will start a review in response to allegations from a Muddy Waters' short report last Wednesday.
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