Nike Looks Like It's About to Disappear From Bill Ackman's Portfolio. But the Billionaire Investor Is Really Doubling Down.
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Bill Ackman's Pershing Square Capital Management has taken a new stake in Nike, despite the stock being down over 31% in the last year. This move suggests confidence in the brand's long-term potential.
February 21, 2025 | 12:45 pm
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Bill Ackman's fund, Pershing Square Capital Management, has taken a new stake in Nike, indicating confidence in the brand despite a significant stock price drop over the past year.
The acquisition of a new stake by a prominent investor like Bill Ackman suggests a positive outlook on Nike's future performance, potentially boosting investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100