Hindenburg hit 30 firms in 3 yrs, their stock fell 15% in 1 day: Report
Hindenburg has targeted about 30 companies since 2020 and their shares fell 15% on average the next day after the report came out, Bloomberg News reported. The report added that six months after Hindenburg posted its report, the firms' shares went down 26% on average. This comes as Block's shares fell 20% after Hindenburg accused it of facilitating fraud today.