Reported about 1 year ago
During earnings season, billionaire investor Bill Ackman sold nearly 10% of his stake in Chipotle Mexican Grill, a hot stock-split stock. Ackman, known for his activist investing, reduced his stake in Chipotle, a company that recently announced its first-ever stock split. The article discusses the reasons behind Ackman's decision, including locking in gains, lack of insider ownership, and Chipotle's high valuation. Investors are advised to consider these factors before deciding whether to follow Ackman's lead in selling Chipotle shares.
Source: YAHOO