Reported 27 days ago
Billionaire investor Bill Ackman recently invested $514 million in two stocks: Brookfield Corp. and Nike. Ackman purchased 6.85 million shares of Brookfield for about $284.7 million and added 3.04 million shares of Nike worth approximately $229.1 million. While he hasn't publicly revealed his reasons, the stocks appear attractive due to their valuation and underlying business strength, despite some challenges facing Nike. Analysts suggest there may be better investment opportunities in related sectors.
Source: YAHOO