Moody's (MCO) Falls After David Einhorn Said He's Short

Shares of Moody's Corp. (NYSE: MCO) are seeing pressure after hedge fund manager David Einhorn said he is shorting the stock. Einhorn said the market is no longer giving the company's ratings any credit. Shares of Moody's is down 6% today. Einhorn was speaking at the Ira Sohn Investment Research Conference.

You May Also Be Interested In

• KKR agrees to sell USI Insurance Services to Aon for $17B
• Moody’s Brings Its Decision-Grade Intelligence to Gemini Enterprise for Financial Services
• Anthropic Expected To Host Investor Day Mid-Sept.- Information