This Unique Stock Is Soaring on Monday After Billionaire Bill Ackman's Takeover Offer
Howard Hughes Holdings (NYSE: HHH) stock is soaring on Monday, with shares up by 11% at 10 a.m. ET on a day when the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) are firmly in the red. Howard Hughes is a developer of master-planned communities, or MPCs. Bill Ackman, the billionaire investor who operates the Pershing Square hedge fund, has been involved with Howard Hughes since the beginning.