Business

Stocks Plunge as Prosthetics Firm Denies Allegations

Updated 2026-05-19 15:50 UTC 1 source Negative

Ottobock's stock fell over 10% after a short-seller accused the company of spreading Russian propaganda. The firm denied these allegations, leading to significant market reaction.

Coverage timeline — 2 articles

CNBC

Prosthetics firm's stock plunges as it denies short-seller's Russia 'propaganda' allegations

German prosthetics firm Ottobock fell over 10% on Tuesday in the wake of a report published by US-based hedge fund Grizzly Research.

2026-05-19 15:24 UTC

CNBC

We're booking profits in a once-hated stock that's gone parabolic

The stock has rallied roughly 60% since the start of April.

2026-05-19 15:41 UTC