When asked about a rumor that Pershing Square Capital Management CEO Bill Ackman had taken a short position in Whole Foods Market, Inc. WFM, Rand Strategic Partners Co-Founder Todd Sullivan told Benzinga that he was very skeptical.
“In the past, his short positions like MBIA and Herbalife have been in companies where there are what he views as fraud and questionable accounting. To my knowledge, he does not do simply ‘valuation shorts,’” Sullivan said.
Whole Foods Market was up 1.1 percent recently at $53.77.
Brianna Valleskey contributed to this report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.