TaskUs Stock Plummets Following a Report Suggesting 50% Downside

·2 min read
TaskUs Stock Plummets Following a Report Suggesting 50% Downside

Shares of TaskUs (NASDAQ: TASK) fell sharply on Thursday after the release of what's known as a short report. Spruce Point Capital Management believes TaskUs stock has 25% to 50% downside. Putting their money where their mouth is, Spruce Point Capital is short shares of TaskUs, meaning it will profit if the stock goes down.

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