Social Media Personality Pulte X Post Says "The Pulte Family Acquires Activist Position in BuzzFeed And Supports Changes Proposed by Vivek Ramaswamy..."; Shares Halt On Circuit Breaker To The Upside, Stock Now Up 17.1%
Portfolio Pulse from Benzinga Newsdesk
Social media personality Pulte X announced that the Pulte family has acquired an activist position in BuzzFeed and supports changes proposed by Vivek Ramaswamy. Following this announcement, BuzzFeed's shares were halted on a circuit breaker to the upside and are now up 17.1%.
July 16, 2024 | 4:51 pm
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The Pulte family has acquired an activist position in BuzzFeed and supports changes proposed by Vivek Ramaswamy. This news led to a 17.1% surge in BuzzFeed's stock, which was halted on a circuit breaker.
The acquisition of an activist position by the Pulte family and their support for changes proposed by Vivek Ramaswamy is a significant development for BuzzFeed. This has led to a strong positive reaction in the market, with the stock surging 17.1% and being halted on a circuit breaker. The market perceives this as a positive change, likely leading to further gains in the short term.
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