Third Point Sells Stake In Salesforce
Portfolio Pulse from Benzinga Newsdesk
Third Point, a hedge fund, has sold its stake in Salesforce (CRM).
August 14, 2023 | 8:30 pm
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Third Point's sale of its Salesforce stake could potentially lead to a short-term decrease in Salesforce's stock price.
Third Point's sale of its stake in Salesforce could lead to a short-term decrease in the company's stock price due to the potential increase in supply of shares in the market. However, the long-term impact will depend on other factors such as the company's financial performance and market conditions.
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