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Pinnacle Investment Reduces Stake in Fisher & Paykel Healthcare

Story Highlights
  • Pinnacle Investment reduced its stake in Fisher & Paykel from 6.1954% to 5.1562%.
  • This shareholding change may impact Fisher & Paykel’s market dynamics and stakeholder interests.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pinnacle Investment Reduces Stake in Fisher & Paykel Healthcare

Fisher & Paykel Healthcare Corporation Limited ( (FSPKF) ) just unveiled an update.

Fisher & Paykel Healthcare Corporation Limited has announced a significant change in the substantial holding of its ordinary shares. Pinnacle Investment Management Group Limited, along with its subsidiaries, has reduced its stake from 6.1954% to 5.1562%, reflecting a movement of more than 1% in its substantial holding. This adjustment in shareholding could influence the company’s market dynamics and stakeholder interests, as it indicates a shift in the investment strategy of a major shareholder.

More about Fisher & Paykel Healthcare Corporation Limited

YTD Price Performance: -36.90%

Average Trading Volume: 296

Technical Sentiment Signal: Buy

Current Market Cap: $10.89B

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

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