Billionaire investor William Ackman acquired a new stake in Nike during the second quarter, with his hedge fund owning 3 million shares, representing a 0.19% ownership. Despite Nike’s stock falling 26% since January, it rose 4% in after-market trading following the news.
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3 No-Brainer Warren Buffett Stocks to Buy Right Now
Warren Buffett will step down as CEO of Berkshire Hathaway at the end of the year but will remain as chairman and likely maintain communication with incoming CEO Greg Abel. Despite being a net seller of stocks for 11 quarters, Buffett continues to find some of his previous investment picks attractive and still makes selective purchases. Want More Context? 🔎
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