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IQ

iQIYI

$17.20 /

+0.44 (+2.63%)

10:45
04/07/20
04/07
10:45
04/07/20
10:45

Muddy Waters joins Wolfpack in claiming iQIYI is a 'fraud'

Carson Block's Muddy Waters Research announced a short position in iQIYI saying it believes the company is a "fraud." Muddy stated via Twitter. "We assisted @WolfpackReports with comprehensive research into IQ. MW believes that IQ fraudulently and materially overstates its users, revenues, acquisition consideration, and value of its 'barter' content...MW and @WolfpackReports researched $IQ for over one year, including extensive surveying in Tier 1 cities, and collecting IQ data from advertising agencies." Shares of iQIYI are down 10.5% to $15.00 following the short report from Wolfpack Research and the corresponding tweets from Muddy Waters.

IQ iQIYI
$17.20 /

+0.44 (+2.63%)

02/28/20 CLSA
CLSA upgrades iQIYI to Outperform with coronavirus boosting traffic
02/28/20 CLSA
iQIYI upgraded to Outperform from Underperform at CLSA
02/27/20 JPMorgan
iQIYI upgraded to Neutral with $22 price target at JPMorgan
02/26/20 JPMorgan
iQIYI upgraded to Neutral from Underweight at JPMorgan

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