LifeStance Health tanks after Hindenburg takes short position
01/02/2024 14:33
** Shares of mental health services provider LifeStance
Health Group LFST.O tumble 20% at $4.80 in early trade
** Hindenburg Research takes a short position in LFST
** Adds, "We assess that LifeStance will need to raise cash
imminently given its latest Q3 ’23 results"
** In 2023, stock rose nearly 59%
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))