Sell-Off Warning Temporarily Eased? Billionaire Walter Pledges Carvana (CVNA.US) Shares as Short Covering Spurs Over 8% Rebound in Stock Price
智通财经2026/08/20 02:21Show original
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Zhitong Finance APP has learned that online used car dealer Carvana Co. (CVNA.US) saw its stock price rebound on Wednesday, closing up 8.4% at $70.43, partially recovering the 14% decline over the previous two trading days. Earlier reports stated that the Carvana shares held by billionaire Mark Walter have been pledged to Citigroup (C.US), meaning he cannot sell them immediately, easing investors' concerns about the possibility of a large-scale sell-off.
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