Thursday, 21 August 2014
Last updated 45 min ago
Jan 25 2011 | 10:36am ET
SAC Capital Advisors has bought up a 5.3% stake in delivery chain Domino's Pizza, the hedge fund giant disclosed in a regulatory filing.
SAC now owns 3.2 million Domino's shares, scooping them up just two weeks before the Super Bowl—undoubtedly one of Domino's busiest days. But the oft-derided chain has been on something of a roll over the past year, with its share price rising by almost half after it introduced a new pizza recipe in the U.S. and launched a several major advertising campaigns.
The SAC buy helped push Domino's shares up another 2.4% in after-the-bell trading.
SAC said its stake was a passive investment.
The purchase comes exactly five years after the New York Post chose to report the momentous news that Cohen bought a pizza pie from an East 33rd Street pizzeria, paying with his American Express "black card."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note