Allakos 13G Filing Shows Kenneth Griffin Reports 5.5% Passive Stake As Of October 3
Portfolio Pulse from Benzinga Newsdesk
Kenneth Griffin has reported a 5.5% passive stake in Allakos as of October 3, according to a 13G filing with the SEC.
October 13, 2023 | 9:02 pm
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NEUTRAL IMPACT
Kenneth Griffin's reported 5.5% passive stake in Allakos could potentially influence the stock's performance.
The news of a significant stake by a prominent investor like Kenneth Griffin can influence investor sentiment and potentially impact the stock's performance. However, as this is a passive stake, Griffin won't be directly involved in the company's operations, which makes the impact on the stock price uncertain in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100