Contrarian Capital's $47M Bet on Futu Stock Drops in Value After Shares Fall Nearly 25%
On May 14, 2026, Contrarian Capital Management disclosed a new position of 302,451 shares in Futu Holdings (FUTU), valued at $47.02 million based on quarterly average pricing. However, the value dropped to $41.36 million by quarter-end due to a nearly 25% decline in share price.
Tickers: $FUTU