ArthroCare (ARTC) Sees Upside Move, Possibly On SEC Short Rules
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Heavily shorted stock ArthroCare Corporation (Nasdaq: ARTC) is on the move today, rising over 10% on no news. We have been told that this is likely due to the new SEC short selling rules that will be enforced soon.
ArthroCare Corporation designs, develops, manufactures, and markets medical devices for use in soft-tissue surgery.
Today, the SEC has issued new naked short selling rules which apply to all public companies. The short sale rules will take effect Thursday. Broker-dealers must now deliver securities by the settlement dates end. The new plan also adopts an anti-fraud rule.
ArthroCare Corporation designs, develops, manufactures, and markets medical devices for use in soft-tissue surgery.
Today, the SEC has issued new naked short selling rules which apply to all public companies. The short sale rules will take effect Thursday. Broker-dealers must now deliver securities by the settlement dates end. The new plan also adopts an anti-fraud rule.
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