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Feb 15, 2024 · Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short position and suggested serious flaws in the books of the Swiss provider of software for banks.
- Allegra Catelli
- Bloomberg News
- acatelli@bloomberg.net
Feb 15, 2024 · Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short position and suggested serious flaws in the books of the Swiss provider...
Apr 15, 2024 · Shares in Temenos TEMN, -0.53% increased 20% on Monday, having previously lost 31% of their value following publication of Hindenburg’s, knocking more $2 billion off the Swiss firm’s market...
Shares in Temenos crashed another 8% on Tuesday having lost 30% of their value since publication of Hindenburg Research's report.
Feb 26, 2024 · While Temenos has countered the allegations as hearsay based on "factual inaccuracies and analytical errors," it has done little to comfort investors, with the stock price dropping as much as ~30% since the report and, in the process, erasing nearly $2.4B in market value.
Feb 16, 2024 · -8.68% NKLA. -2.41% Temenos shares continued to crash on Friday, despite the Swiss technology firm’s attempt to hit back at allegations made by short seller Hindenburg Research that have knocked...
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The Swiss banking technology company has seen its share price drop by 30% over the past week, in the wake of allegations made by the New York short seller that it manipulated its balance sheets...
