Fund Bets $69 Million on Beaten-Down PAR Technology Stock — Is This the Turning Point?
A major fund just doubled down on a beaten-down restaurant tech stock—here’s what they may be seeing that the market isn’t.Seattle-based wealth advisory Progeny 3 reported the acquisition of PAR Technology Corporation shares in its November 14 SEC filing, but the position value decreased by $34.3 million from quarter to quarter.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Progeny 3 ncreased its stake in PAR Technology Corporation (PAR 2.14%) by 249,923 sh ...