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Shares Of Bill Ackman's New Investment Are Spiking In Pre-Market Trading

Jul 31, 2013, 17:29 IST

Bill Ackman still has his bounce.

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This morning the hedge fund manager announced his biggest stake ever — 9.8% in industrial gas product maker Air Products International, according to CNBC's Maneet Ahuja.

Now shares of the stock are surging in pre-market trading, they're up 4.21% and the stock has surpassed its 52 week high.

Check it out in the chart below from MarketWatch:

MarketWatch

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