tiprankstipranks
Trending News
More News >

Pinnacle Investment Acquires Substantial Stake in Nick Scali

Story Highlights
Pinnacle Investment Acquires Substantial Stake in Nick Scali

Confident Investing Starts Here:

An update from Nick Scali Limited ( (AU:NCK) ) is now available.

Pinnacle Investment Management Group Limited has become a substantial holder in Nick Scali Limited, acquiring a 5.03% voting power through ordinary fully paid shares. This development indicates a strategic investment move by Pinnacle, potentially impacting Nick Scali’s shareholder dynamics and signaling confidence in the company’s market performance.

More about Nick Scali Limited

Nick Scali Limited is a company operating in the furniture retail industry, known for offering a range of high-quality furniture products. The company focuses on providing stylish and contemporary furniture solutions to consumers, positioning itself as a significant player in the home furnishings market.

YTD Price Performance: 4.00%

Average Trading Volume: 230,137

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: A$1.32B

For detailed information about NCK stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1