13F Shows Appaloosa LP Added Stake in Adobe Inc with 350K Shares
Portfolio Pulse from Benzinga Newsdesk
Appaloosa LP has increased its stake in Adobe Inc. by acquiring 350,000 shares, as revealed in its latest 13F filing.
May 15, 2024 | 8:27 pm
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POSITIVE IMPACT
Appaloosa LP has increased its stake in Adobe Inc. by acquiring 350,000 shares, as revealed in its latest 13F filing.
The acquisition of 350,000 shares by a prominent hedge fund like Appaloosa LP is a strong vote of confidence in Adobe Inc. This could positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100