Kratos Defense Defends Itself Against A Short Attack

newsfeedback@fool.com (Rich Smith), The Motley Fool
Tue, 03/20/2018 - 10:09am

Last week, a "strong sell" rating from short-seller Spruce Point Capital drove Kratos Defense & Security (NASDAQ: KTOS) stock down 11% as investors reacted to accusations of "tremendous value" destruction, and a prediction that Kratos stock could drop 40% to 70%.This week, Kratos fired back.On Monday, Kratos issued a statement disputing "a report on the Company that has recently been published in the market place" -- presumably referring to Spruce Point's report.

Topics: spruce point capital kratos defense security nasdaq ktos it kratos spruce point short report stock investors accusations week

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Kratos Defense Defends Itself Against A Short Attack

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