BuzzFeed Shares Soar as Vivek Ramaswamy Takes Stake, Seeks Talks [BNN Bloomberg (Canada)]
Roivant Sciences Ltd. (ROIV)
Company Research
Source: BNN Bloomberg
Ramaswamy, a Republican who ended his candidacy in January and threw his support behind Donald Trump, has taken a 7.7% stake in BuzzFeed, worth about $6.81 million based on Tuesday's closing share price. In a filing with the Securities and Exchange Commission, Ramaswamy said he seeks to “engage in a dialogue with board or management about numerous operational and strategic opportunities to maximize shareholder value, including a shift in the company's strategy.” The stock surged as much as 82% to $4.56 on Wednesday to hit the highest intraday level since April 2023. It was the stock's biggest gain since February. Ramaswamy founded pharmaceutical company Roivant Sciences Ltd. in 2014 and co-founded Strive Asset Management in 2022. He stepped away from the asset management firm last year to focus on his presidential run and has said he isn't returning. Ramaswamy's position in BuzzFeed marks his latest move since ending his political campaign, and his interest in BuzzFeed raises que
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News
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- Roivant Sciences Ltd. (NASDAQ: ROIV) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald.MarketBeat
- Roivant Sciences Ltd. (NASDAQ: ROIV) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $18.00 price target on the stock.MarketBeat
- Roivant Reports Financial Results for the Fourth Quarter and Fiscal Year Ended March 31, 2024, and Provides Business Update [Yahoo! Finance]Yahoo! Finance
ROIV
Earnings
- 5/30/24 - Beat
ROIV
Sec Filings
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- ROIV's page on the SEC website