Maxar stock plunges after short-seller says space company's dividend is at risk
Maxar Technologies Ltd. stock plunged Tuesday after the formerly-named MacDonald Dettwiler and Associates was targeted by a analyst report from an acknowledged short-seller firm. The company's shares ended down $7.59 or 13.15 per cent at $50.14 on the Toronto Stock Exchange after Spruce Point Capital Management issued a press release that warned, among other things, that Maxar's dividend is at risk.
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