Pershing Square Capital Management Reduced Chipotle Stake From 1.03M Shares To 954K Shares
Portfolio Pulse from Benzinga Newsdesk
Pershing Square Capital Management has reduced its stake in Chipotle Mexican Grill, Inc. from 1.03 million shares to 954,000 shares.
August 14, 2023 | 8:55 pm
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Pershing Square Capital Management's reduction in its stake in Chipotle could potentially impact the stock's price in the short term.
Large institutional investors like Pershing Square Capital Management reducing their stake in a company can often lead to a decrease in the stock's price in the short term, as it may signal a lack of confidence in the company's future performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100