Elliott Management Takes 775K Share Stake In Phillips 66
Portfolio Pulse from Benzinga Newsdesk
Elliott Management has acquired a stake of 775,000 shares in Phillips 66.
August 14, 2023 | 8:49 pm
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Elliott Management's acquisition of 775,000 shares in Phillips 66 could potentially influence the company's stock price.
Elliott Management, a significant hedge fund, has taken a stake in Phillips 66. This could potentially lead to increased demand for PSX shares, which may positively impact the stock price in the short term. However, the exact impact will depend on the market's perception of Elliott Management's investment strategy.
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