BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Tiffany & Co. slips on Peltz's slashed stake]]>http://www.bloggingstocks.com/2009/03/27/tiffany-and-co-slips-on-peltzs-slashed-stake/http://www.bloggingstocks.com/2009/03/27/tiffany-and-co-slips-on-peltzs-slashed-stake/http://www.bloggingstocks.com/2009/03/27/tiffany-and-co-slips-on-peltzs-slashed-stake/#commentsFiled under: , ,

The shares of Tiffany & Co. (NYSE: TIF) are taking a beating today, down nearly 3% at last check. Traders are reacting to news that Trian Fund Management L.P., under the helm of billionaire investor Nelson Peltz, reduced its stake in TIF from 8.5% to 6.9%.

According to a filing with the Securities and Exchange Commission, Trian sold 2.25 million shares on Wednesday and Thursday at prices ranging from $22.58 to $22.61 per share. Now, the fund beneficially owns 8.49 million shares of TIF.

Continue reading Tiffany & Co. slips on Peltz's slashed stake

Tiffany & Co. slips on Peltz's slashed stake originally appeared on BloggingStocks on Fri, 27 Mar 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredinvestor sentimentInvestorSentimentNelson PeltzNelsonPeltzoptionstechnical analysisTechnicalAnalysisTIFTiffany Co.TiffanyCo.Trian FundTrianFundFri, 27 Mar 2009 12:00:00 EST