20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
The Saudi wealth fund ramped up its stake in British luxury carmaker Aston Martin (OTC:AMGDF) to 20.5%, according to a recent regulatory filing.
This move comes a week after Aston Martin’s quarterly results and future forecast disappointed investors, reported Reuters.
The Public Investment Fund’s (PIF) shareholding has surged by 2.6 percentage points from 17.9%. This positions it ahead of Geely Chairman and Chinese entrepreneur Shufu Li on Aston Martin’s shareholder list, as per LSEG data.
See Also: Why Tesla Shares Are Revving Up Premarket Today
The newly acquired shares were granted to PIF-controlled Lucid Group (NASDAQ:LCID), the filing disclosed. On the same day, Lucid unit Atieva revealed a 3.44% stake in Aston Martin.
In June, the Gaydon-based company struck a deal with Lucid, allowing the U.S. electric automaker a stake in Aston Martin in exchange for access to its high-performance technology.
The top shareholder at Aston Martin is Chair Lawrence Stroll.
PIF refrained from commenting beyond the details revealed in Wednesday’s filing.
Read Next: Lucid To Adopt Tesla Superchargers: Elon Musk Weighs In, Says, ‘A Bitter Pill To Swallow’
Image by Kevin Yozviak via Pexels
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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