CNBC's Scott Wapner tweeted that activist investor Robert Chapman had cut his position in Lumber Liquidators Holdings Inc LL
EXCLUSIVE: Chapman reduces $LL position by HALF into today's rally. Had $30/shr cost-basis. Says margin contraction makes PE expansion hard
— Scott Wapner (@ScottWapnerCNBC) April 2, 2015
Shares of the company rallied Thursday to $34.81 before giving back some of the gains in the afternoon.
Lumber Liquidators recently traded at $33.58, up 1.73 percent.
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