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Home Business Sunedison (SUNE): Credit Event By 3Q16 Seen As Likely By Axiom
  • Business

Sunedison (SUNE): Credit Event By 3Q16 Seen As Likely By Axiom

Michelle Jones
-
Nov 18, 2015, 2:19 pm
0
Sunedison (SUNE): Credit Event By 3Q16 Seen As Likely By Axiom
Via S&P CapIQ

Sunedison shares bounced today before turning negative again on Wednesday following Tuesday’s plunge, which resulted from a combination of factors. High-profile investor Dan Loeb exited his position in the stock, while David Einhorn’s Greenlight Capital cut its holdings by about 25% (although offset by a position in TerraForm).

Shares of Sunedison and i