David Einhorn Slams New Company, Stock Instantly Tanks 10%

David Einhorn

Photo: Linette Lopez for Business Insider

Hedge fund hot-shot David Einhorn, the founder of Greenlight Capital, just made his huge investment pick at the annual Ira Sohn Investment Conference in New York. The stock he slammed is Martin Marietta Materials.  

As soon as he mentioned the company, its stock price instantly tanked 10%.

Check out a chart of stock here >

Trading in MLM has just resumed after the stock was halted.  The stock is currently trading down ~8%

Earlier, the rumour was he was going to be short Herbalife after the hedge fund manager asked a question on the company’s most recent earnings call

However, Herbalife’s stock is surging 9% today.

Einhorn is known for famously publicly shorted Lehman Brothers before the bank’s demise and most recently Green Mountain Coffee Roasters. 

Here are some other highlights from his presentation: 

  • He’s short Amazon. 
  • He loves Apple, says that the market cap could go to a trillion. 

Refresh this page for more updates >Check here for our live coverage of the Ira Sohn Investment Conference >

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