LifeStance Health tumbles after Hindenburg takes short position

LifeStance Health

01/02/2024 15:20

(Updates)
    ** Shares of mental healthcare provider LifeStance Health
 LFST.O  drop as much as 20.8% at $4.735, its lowest level since
March 7 
    ** Hindenburg Research takes a short position in LFST
    ** "We assess that LifeStance will need to raise cash
imminently given its latest Q3’23 results" - Hindenburg 
    ** Stock falls for third session in a row
    ** In 2023, stock rose nearly 59%

 (Reporting by Anuja Bharat Mistry and Savyata Mishra in
Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))