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Muddy Waters' Carson Block Causes Avalanche In Bank Of The Ozarks

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Muddy Waters' Carson Block Causes Avalanche In Bank Of The Ozarks

Bank Of The Ozarks Inc (NASDAQ: OZRK) shares are trading lower by $1.77 at $37.66 in Wednesday's session. However, it is well off the session's low of $33.65.

The slide to $33.66 was instigated by Muddy Waters' Carson Block, who recently shared his bearish thesis for the issue at the Ira Sohn Conference. Black stated large losses are on the horizon, and the bank may need to raise capital in the not-so-distant future.

The issue quickly rebounded from the drop to $38.74 before turning lower once again.

Related Link: Ira Conference 2016: The Live Blog

 

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Posted-In: Carson Block Ira Sohn Conference Carson BlockNews Short Sellers Technicals Intraday Update Movers Trading Ideas

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