This Farming Stock Jumped After Greenlight’s Einhorn Disclosed a Stake
Shares of farm equipment maker CNH Industrial jumped Thursday after an investor who gained notoriety by betting against Lehman Brothers during the 2008-09 financial crisis disclosed a stake. Greenlight Capital’s David Einhorn told CNBC in a televised interview that he had just finished buying a position in the machinery maker. “It’s the kind of situation that absolutely nobody cares about right now because it’s cheap and the news over the next period of time probably isn’t going to be very good,” said the hedge fund manager.