TransDigm Group Incorporated (NYSE:TDG) shares are trading lower by $2.00 at $232.74 in Tuesday's session. The issue has been under selling pressure since March 9, when Andrew Left of Citron Research publicly targeted the issue for a short position.
Left is skeptical of the company's business practices, which may include undisclosed relationships and potential illegal activities in bidding for government contracts.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Adding fuel to the fire is an update from The Capitol Forum at around noon Tuesday suggesting whistle-blowers may have stepped forward.
Despite the negative headline, TransDigm's stock hasn't breached the pair of lows from the last two sessions at the $229.50 area. If that level is breached, there may be limited support until its February 6 low of $224.10.