GeneralBearishBlockonomi · 3h ago6/10
📰
Universal Music Group (UMG) Stock Plunges 8% as Pershing Square Dumps Entire Position
Bill Ackman's Pershing Square hedge fund has exited its entire $1.5 billion stake in Universal Music Group, triggering a 7.6% stock decline. The exit realized approximately $600 million in profits, signaling a significant shift in institutional investor confidence toward the music industry giant.