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Temenos shares extend slide after Hindenburg allegations

Posted on AllSides February 16th, 2024
From The Center

The Swiss company said the Hindenburg report contained factual inaccuracies and analytical errors, as well as false and misleading allegations, which it stated were "intended to adversely impact the company's share price". The stock, which fell by 28% on Thursday, was down 6.8% at 59.2 Swiss francs as of 1106 GMT and on course for its steepest weekly fall in percentage terms since 2009. The company did not immediately respond to a request for comment. Bank Vontobel said the Hindenburg report had created uncertainty and cut its rating on Temenos...

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