Pershing Square Lowers Stake In Lowes From 10M Shares To 7.47M Shares
Portfolio Pulse from Benzinga Newsdesk
Pershing Square has reduced its stake in Lowes from 10 million shares to 7.47 million shares.
August 14, 2023 | 8:56 pm
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NEGATIVE IMPACT
Pershing Square's reduction in its stake in Lowes may lead to a short-term decrease in the company's stock price.
Large shareholders like Pershing Square reducing their stake in a company can often lead to a decrease in the company's stock price in the short term, as it may be perceived as a lack of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100