Billionaire Investor Bill Ackman Just Sold This Railway Stock 'With Regret' So He Could Buy the Dip on a Mag Seven Stock At a "Uniquely Attractive Time"

Continuing to buy the Mag Seven Pershing already owns shares of Alphabet, but the reason the fund sold Canadian Pacific was so it could make room to buy Amazon (AMZN 2.38%) at a "uniquely attractive time," according to Israel. Although these recent stock moves by Pershing likely won't show up in filings until August, Ackman, along with Pershing's management team, discussed them on a recent quarterly earnings call. The first big move Pershing disclosed was the decision to sell Canadian Pacific Kansas City (C ...