Markets

Traders have a $1.5 billion bet riding against Uber

Short-sellers have ramped up their bets against Uber to $US1.5 billion. Borrowing of Uber shares has surged by more than 160% in the past two weeks, to 36 million shares from 13.6 million. The value of short positions in Uber has passed the value of those in Lyft for the […]
Traders have a $1.5 billion bet riding against Uber
Markets

Traders betting against healthcare firms made $294 million in a single day after the Amazon-JPMorgan-Berkshire Hathaway mega-announcement

Trader betting on declines in a managed healthcare ETF made $US294 million on Tuesday as Amazon, JPMorgan, and Berkshire Hathaway’s announced collaboration led to broad selling across the industry. Financial analytics firm S3 Partners notes that short interest in the ETF didn’t increase much amid the weakness. The selloff in […]
Traders betting against healthcare firms made $294 million in a single day after the Amazon-JPMorgan-Berkshire Hathaway mega-announcement
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