This content is from: Premium

Jericho Capital’s Touted Telecom Short Plunges in Price

The unexpected resignation of Frontier Communications’ CFO has spooked the stock but boosted short sellers.

A short touted by Jericho Capital Asset Management’s Josh Resnick at the 2017 May Sohn Investment Conference plummeted in price on Thursday.Shares of Frontier Communications Corp. plunged 8.34 percent to close at $6.70, only slightly above its 52-week low of $6.08 after its chief financial officer R. Perly McBridge unexpectedly

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content