Prescience Point

Enphase Energy Inc (NASDAQ: ENPH) shares plummeted 23.2% on Wednesday after short seller Prescience Point released a new report alleging fraudulent accounting practices and predicting Enphase will ultimately be delisted. In the new report, Prescience Point claims Enphase has fabricated financial...

Some people may call it prescience, some may call it risky, but to ARK Invest's CEO and Managing Director Catherine Wood, when something doesn’t make sense, she takes action. ARK Invest has long been very bullish on Tesla Inc (NASDAQ: TSLA), and recently upped its 2024 price target to $7,...

The financial services industry has been rocked with a tidal wave of news this week. Three of the largest retail brokers, The Charles Schwab Corporation (NYSE: SCHW), TD Ameritrade Holding Corp. (NASDAQ: AMTD), and E*Trade Financial Corporation (NASDAQ: ETFC) all ended commission fees for all...

More than a year ago, Henry E. Seaton, one of the country's most prominent transportation attorneys, published a 23-page paper titled "The New E-Commerce/Home Delivery Retail Distribution Paradigm." In it, Seaton highlighted the "unresolved" legal issues surrounding the final-mile delivery segment...

Kellogg Company (NYSE: K) announced a second restructuring program and around 150 employees In North America will be leaving as part of the reorganization. The company will take a pretax charge of about $35 million to restructure its North American operations. Prescience Point Capital, a short...

Cheetah Mobile Inc (ADR) (NYSE: CMCM) is the subject of an extremely bearish new report out Thursday morning from Prescience Point Research Group. Prescience didn’t pull any punches when discussing what it claims is “fabricated” Cheetah Mobile revenue. Peculiar Numbers According...

Earlier this month, Prescience Point Research Group released an extremely bearish report on Celadon Group, Inc. (NYSE: CGI) in which the firm alleged Celadon had inflated its reported tangible book value by more than 95 percent. On Wednesday, Prescience released a follow-up report on Celadon after...

Shares of Celadon Group, Inc. (NYSE: CGI) plummeted Wednesday following a short-seller report published by Prescience Point Research Group. The pullback creates an opportunity since the concerns mentioned in the short report are not new and uses certain figures “in a distorted manner,”...

Credit Acceptance Corp. (NASDAQ: CACC) got caught in a tweetstorm by Prescience Point LLC, which credits itself for its short recommendations and proficiency in unraveling shady plots of muddled companies. Through a series of tweets, Prescience suggested that the squeeze in Credit...

Billionaire investor George Soros sees opportunities to profit in the global market. However, these opportunities are on the bearish side, according to the Wall Street Journal. The Wall Street Journal, citing "people close to the matter," reported Thursday evening that Soros sold stocks and bought...

There are many promising ICOs in the crypto world, but it can be hard to separate the wheat from the chaff. A new asset takes the work and risk out of the problem for investors, allowing them to trade and profit with confidence.   ICOs or Initial Coin Offerings are back in vogue....

Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) tumbled more than 6 percent on Thursday after Prescience Point issued a scathing short thesis on the company. Prescience Point stated that a "plethora of red flags" surfaced during the 2012 to 2013 timeframe....

Shares of Amira Nature Foods Ltd (NYSE: ANFI) were trading higher by more than 2 percent early Wednesday afternoon, despite a new research report by Prescience Point that claimed the company is "fabricating the financials it files" with the SEC. Within the report, Prescience Point...