Business & Finance14 August 2024, 8:15 pm 1 minute

Reuters was first to report that billionaire investor William Ackman built new stakes in sportswear company Nike during the second quarter. A regulatory filing reviewed by Reuters showed that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million shares of Nike, amounting to a roughly 0.19% ownership. Nike’s stock, which has tumbled 26% since January, rose 4% in after-market trading. 

Market ImpactNike’s stock, which has tumbled 26% since January, rose 4% in after-market trading.
Article TagsTopics of Interest: Business & FinanceType: Reuters BestSectors: Business & FinanceRegions: AmericasWin Types: SpeedStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Important Regional Story