UWM Holdings Responds To Hunterbrook's Short Report; Says 'Hunterbrook is not a news organization. It is a hedge fund sensationalizing public information to manipulate the stock market to enrich themselves and their investors'

Author: Benzinga Newsdesk | April 02, 2024 04:31pm
See full statement here: Hunterbrook is not a news organization. It is a hedge fund sensationalizing public information to manipulate the stock market to enrich themselves and their investors. Buried deep in their "report", and prior to its publication, Hunterbrook "went short $UWMC, long $RKT and purchased derivatives." As you would expect a hedge fund masquerading as journalism would knowingly mislead the public, the report itself is riddled with inaccuracies and incorrect information. A hedge fund scheme using journalists to short a stock is not only unethical, it may be fraudulent.

Posted In: UWMC