Maruthi J. D. Venkata Reports 4.8% Stake In Shift Technologies As Of Oct 12, 2023 Vs 11.5% Stake Reported As Of March 14, 2023
Portfolio Pulse from Benzinga Newsdesk
Maruthi J. D. Venkata has reported a 4.8% stake in Shift Technologies as of October 12, 2023, down from the 11.5% stake reported as of March 14, 2023, according to an SEC filing.
October 13, 2023 | 7:27 pm
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NEGATIVE IMPACT
Maruthi J. D. Venkata's stake in Shift Technologies has decreased from 11.5% to 4.8%.
The significant reduction in Maruthi J. D. Venkata's stake in Shift Technologies could be perceived negatively by the market, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100