Skip to main content

Bill Ackman Sold The Wrong Restaurant Shares

The Pershing Square founder has that familiar sick-to-his-stomach feeling.
  • Author:
  • Updated:
    Original:

Last week, Bill Ackman sold off $610 million worth of shares in a fast-food chain. Today, a Chipotle in suburban Virginia closed after allegedly giving norovirus to a lucky 13 customers. Any chance the two are related? Of course not, because Bill Ackman’s luck has long since run out: The shares he sold were of booming Burger King—whose stock price only goes down when Ackman sells $610 million worth of them—and not of Chipotle, whose shares are particularly sensitive to reports of food poisoning for some reason.

AckmanDude

Bill Ackman's Pershing Square is the largest holder of Chipotle Mexican Grill Shares and the holding's lost about $74 million at midday Tuesday….

Shares of the 10% Pershing-owned restaurant chain fell more than 6% Tuesday.

Customers reported symptoms such as vomiting, diarrhea, severe stomach pain, dehydration, and nausea, according to the website iwaspoisoned.com.

Bill Ackman’s Probably Queasy about Chipotle Too, His Stake is off $74M This Afternoon [TheStreet]
Chipotle shares plummet following report of norovirus at Virginia restaurant [CNBC]

Related

AckmanDude

Bill Ackman Thankful For Chipotle Burrito Bowls, Board Seat

The Ack-Man and the troubled burrito chain are finally settling for each other.

Bill ackman beach

Bill Ackman Admits That He Is Contemplating Self-Harm

The Ack-Man is looking to make his death by Chipotle more literal.

AckmanDude

Chipotle Has Some Special Burritos For Bill Ackman

The burrito chain puts Wall Street in formation, tells Ackman it's got hot sauce in its bag.

AckmanDude

Bill Ackman's Pre-Nup With Chipotle Includes A Gag Order On Bill Ackman

The idea of "Silent Bill Ackman" is as easy to swallow as "Chill Bro Leon Cooperman."

ackman3

Bill Ackman Bought 152 Million ADP Shares Too Few

He really thought he was gonna win this time.

AckmanDude

Chipotle’s Founder Fired His Best Friend But Not Because Of Bill Ackman

Billy Acks hands are clean here, you guys, so don't EVEN.