Reported 28 days ago
Billionaire investor Bill Ackman sold 2.2 million shares of Alphabet, reducing his stake by 16%, despite overwhelming bullish sentiment from Wall Street analysts. This move has sparked speculation about whether Ackman is aware of potential risks, including share price volatility from an antitrust lawsuit or concerns over Alphabet's elevated valuation. Although Alphabet remains a leading player in digital advertising and cloud computing with strong future growth prospects, Ackman may have opted to trim his position to hedge against potential downturns.
Source: YAHOO