Buzzfeed Shares Soar As Vivek Ramaswamy Becomes 4th-Largest Shareholder [Forbes]
Comcast Corporation - Class A (CMCSA)
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Source: Forbes
in the struggling media company and making him the fourth largest investor—leading Buzzfeed's share price to spike. Buzzfeed's share price was up about 14% just before noon on Wednesday after Vivek Ramaswamy, one of ... [+] Donald Trump's vice presidential options, became the fourth largest investor in the media company. Ramaswamy bought 2,723,927 shares of Buzzfeed beginning in March and ending Tuesday—a time period during which share prices ranged between $1.47 and $2.51—for about $3.9 million, according to a new Ramaswamy said in the filing he hopes to discuss “numerous operational and strategic opportunities to maximize shareholder value, including a shift in the company's strategy” with management, and said Buzzfeed is “undervalued and represent(s) an attractive investment opportunity.” Buzzfeed's share price has jumped following the news of Ramaswamy's investment, increasing 25% as of 12:20 p.m. EDT Wednesday and hitting an intraday high of $4.56—the highest it's been si
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