Target shares are trading higher as traders circulate a rumor from Activist Insight suggesting a large investor may be getting involved in the company. Bill Ackman was mentioned in the rumor.
Portfolio Pulse from Benzinga Newsdesk
Target shares are trading higher due to a rumor from Activist Insight suggesting a large investor, possibly Bill Ackman, may be getting involved in the company.
June 14, 2023 | 2:48 pm
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POSITIVE IMPACT
Target's stock price is trading higher following a rumor that a large investor, potentially Bill Ackman, may be getting involved in the company.
The rumor of a large investor, such as Bill Ackman, getting involved in Target can lead to increased investor interest and demand for the stock, driving the stock price higher in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100