Seeking Alpha

YPF pops as Third Point is said to increase stake

  • Early strength in YPF (YPF +6.4%) is attributed to chatter that Daniel Loeb's Third Point hedge fund is accumulating shares, but there's not yet any confirmation on the SEC website.
  • Third Point revealed May 15 that, as of March 31, it held 2.65M shares, making it a top 10 shareholder.
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