Dan Loeb’s Third Point Slashes Carpenter Technology Stake by 31% as CEO Shake-Up and Insider Selling Hit CRS Stock
Dan Loeb’s Third Point cut its Carpenter Technology stake by 31% in the second quarter, ahead of leadership changes and insider selling.
A big investor sold one third of his Carpenter Technology shares, and the company's leaders are also selling their own stock. When important people stop believing in a company, it can mean they see trouble ahead that we should watch for.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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