Donald Trump purchased $500,000 worth of PTC stock 77 days before Schneider Electric announced its $22.6 billion acquisition of the US software company. The all-cash offer of $205 per share represents a 42% premium to Friday’s closing price and 64% premium to the price on the day Trump acquired shares. The US president disclosed a purchase of up to $1 million in PTC shares, with potential profits of at least 53% if held at the initial price, or 64% if the deal closes at the full offer price.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
