Billionaire Bill Ackman Just Revealed His Newest Position. Here's Why I Think the Stock Is a Screaming Buy.

On Friday, Feb. 7, hedge fund manager Bill Ackman took to social media platform X (formerly Twitter) to reveal his firm's newest stock position. This is quite unusual, as investors typically need to wait until institutional investors publish a Form 13F following the end of a quarter to see which stocks they recently bought and sold.Below, I'm going to analyze Ackman's latest position and make the case for why I think this particular stock is one to buy hand over fist right now.According to Ackman's remarks, his hedge fund, Pershing Square Capital Management, started accumulating shares of Uber Technologies (NYSE: UBER) in the beginning of January. As of this writing, Pershing Square holds 30.3 million shares of Uber.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool