Billionaires Are Deciding to Sell Shares of This Well-Known Stock
As we look for investment inspiration, it's often a good idea to take a look at billionaires' latest moves. They have clearly been successful over time, picking out the next great stock or selling a position after a growth story has reached its final stages. So, we might follow them into (or out of) certain stocks at just the right time.
These days, some of the world's top investors have decided to sell a stock everyone is talking about. This technology player has soared in the quadruple digits over the past five years -- and in the first half of this year, it climbed nearly 150%.
But this momentum hasn't encouraged billionaires David Tepper of Appaloosa Management, Israel Englander of Millennium Management, and Ken Griffin of Citadel to buy more of this growth player. Instead, in the first quarter, they each lowered their stake in the well-known stock. Should you do the same? Let's take a closer look at their moves and find out.
Source Fool.com
