Dave Portnoy Tweets "...When $PENN $DIS Deal Happened All My Shares Instantly Vested Per Change Of Control. I Still Own Them. I Can Just Sell Now If I Wanted To. Read A Book Guys. You Are Not Serious People."
Portfolio Pulse from Happy Mohamed
Dave Portnoy, founder of Barstool Sports, clarified via Twitter that his shares in Penn National Gaming (PENN) and Disney (DIS) instantly vested following a deal between the two companies. He added that he still owns the shares and has the option to sell them if he chooses.
August 11, 2023 | 4:16 pm
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NEUTRAL IMPACT
Dave Portnoy's vested shares in Disney could potentially impact the stock's performance, depending on his future actions.
Dave Portnoy's actions regarding his shares in Disney could influence other investors. However, without specific information on his plans, the impact remains uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Dave Portnoy's confirmation of his ownership of vested shares in Penn National Gaming could potentially influence the stock's performance, depending on his future actions.
As a high-profile figure, Dave Portnoy's actions regarding his shares in Penn National Gaming could influence other investors. However, without specific information on his plans, the impact remains uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100