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Investigation Details
Wolfpack Research issued a report on June 24, 2024, entitled “MAX: Our Investigation Reveals MAX Is Participating in Consumer Fraud.” In pertinent part, Wolfpack announced that it was “short the insurance lead generator, MediaAlpha, Inc. (NYSE: MAX) following our research into the company’s [Health Insurance] segment[.]” Further, Wolfpack stated that it believed “[MediaAlpha] uses dishonest and sometimes outright fraudulent ads along with deceptive websites to trick consumers into providing their personal information in exchange for a health insurance ‘quote.’ [MediaAlpha] then sells this information as raw lead data or uses it to generate clicks or calls for its lead-buying partners. Our investigation indicates as much as 78% of [MediaAlpha’s] Health [Insurance] lead-buying partners are running boiler room health insurance scams or are flagrantly violating laws concerning telemarketing.”
Following this news, MediaAlpha stock dropped over 6% on June 25, 2024.
Ticker Symbol | Company Name | Join Deadline | Join |
---|---|---|---|
STM | STMicroelectronics N.V. | October 22, 2024 | Join |
DAVA | Endava plc | October 25, 2024 | Join |
MEI | Methode Electronics, Inc. | October 25, 2024 | Join |
SAGE | Sage Therapeutics, Inc. | October 28, 2024 | Join |
VERV | Verve Therapeutics, Inc. | October 28, 2024 | Join |
SBUX | Starbucks Corporation | October 28, 2024 | Join |
OM | Outset Medical, Inc. | October 28, 2024 | Join |
SMCI | Super Micro Computer, Inc. | October 29, 2024 | Join |
ZI | ZoomInfo Technologies Inc. | November 04, 2024 | Join |
WBTN | WEBTOON Entertainment Inc. | November 04, 2024 | Join |
GTLB | GitLab Inc. | November 04, 2024 | Join |
GTLB | GitLab Inc. | November 04, 2024 | Join |
AGEN | Agenus Inc. | November 05, 2024 | Join |
NFE | New Fortress Energy Inc. | November 18, 2024 | Join |
MGX | Metagenomi, Inc. | November 25, 2024 | Join |
BMBL | Bumble Inc. | November 25, 2024 | Join |
UPS | United Parcel Service, Inc. | December 09, 2024 | Join |
EW | Edwards Lifesciences Corporation | December 13, 2024 | Join |