Reported about 2 months ago
Billionaire investor Bill Ackman has acquired 3 million shares of Nike, worth $229 million, after a significant dip in the company's stock, which fell nearly 30% in the first half of 2024. This move follows a history of successful investments by Ackman in Nike, despite the company's recent struggle with sales leading to substantial financial revisions and changes in analyst ratings.
Source: YAHOO