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AUR.US
On September 02, 2022, Bloomberg published Article about Aurora Innovation (AUR.US) entitled "Self-Driving Tech Company Floats Possible Sale to Apple or Microsoft".
The article also reported that Chris Urmson, who co-founded Aurora outlined cost cuts and floated measures including taking the company private, spinning off or selling assets, and pursuing a small capital raise in a memo labeled “board discussion pre-read” and dated Aug. 3.
But Urmson inadvertently sent this to staff and asked them on Aug. 9 not to open it, the document showed.
Over the next 2 trading days, Aurora's stock rose by almost 30%, significantly hurting short holders.
The specificity of the document flow, the content of the document, and the price dynamics of shares indicate that there can be suspicions of deliberate price manipulation.
Alleged Offence
Misleading Statements
Failure to Disclose
Price manipulation
Insider Trading
Negligence
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Short
Shock Event Date
09 August 2022
Collecting participants…
Created by Stan Vick, Scout

Aurora Innovation Inc

Aurora Innovation, Inc. operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software...

    Ticker
    AUR.US
    ISIN
    US0517741072
    CIK
    1828108
    Sector
    Technology
    Industry
    Information Technology Services
    Country
    USA
    Address
    1654 Smallman Street, Pittsburgh, PA, United States, 15222