Pershing Square's Ackman confirms sale of some of its UMG shares
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Pershing Square CEO Bill Ackman announced that the firm has sold some of its shares in Universal Music Group (UMG).
March 13, 2025 | 8:30 pm
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Pershing Square has reduced its stake in Universal Music Group, which may influence UMGNF's stock price due to changes in institutional ownership.
The sale of shares by a major investor like Pershing Square can lead to a decrease in stock price due to perceived reduced confidence or changes in ownership structure.
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IMPORTANCE 70
RELEVANCE 80