13F Shows Soros Fund Management LLC Decreased Stake in Novo-Nordisk A S by 757.21K Shares, or -49%, to 797.62K Shares, Valued at $102.41M
Portfolio Pulse from Benzinga Newsdesk
Soros Fund Management LLC has decreased its stake in Novo-Nordisk A/S by 757.21K shares, or 49%, bringing its total holdings to 797.62K shares valued at $102.41M.
May 15, 2024 | 9:11 pm
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Soros Fund Management LLC has reduced its stake in Novo-Nordisk A/S by 49%, which may indicate a lack of confidence or a strategic reallocation of assets.
The significant reduction in shares held by a prominent investment firm like Soros Fund Management LLC could signal to other investors a potential lack of confidence in Novo-Nordisk A/S, leading to a possible short-term decline in the stock price.
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IMPORTANCE 80
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