TaskUs Stock Plummets Following a Report Suggesting 50% Downside

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.