Does Billionaire Bill Ackman Know Something Wall Street Doesn’t? He Invested in These 2 Stocks That Have Dropped 33% and 18% Over the Past Year
Key PointsDuring the second quarter, Pershing Square Capital Management loaded up on Netflix and Uber, two stocks that have lagged broader equities over the past year.
Key PointsDuring the second quarter, Pershing Square Capital Management loaded up on Netflix and Uber, two stocks that have lagged broader equities over the past year.
BELLINGS Intelligence Score: 10
Why it matters
Bill Ackman's investment in two underperforming stocks is routine portfolio activity without immediate implications for credit markets or broader financial conditions.
Sources
Nasdaq
Does Billionaire Bill Ackman Know Something Wall Street Doesn’t? He Invested in These 2 Stocks That Have Dropped 33% and 18% Over the Past Year
Key PointsDuring the second quarter, Pershing Square Capital Management loaded up on Netflix and Uber, two stocks that have lagged broader equities over the past year.