Published on 21 Sep 2024 on GuruFocus.com · via Yahoo Finance
Analysis of AMERIPRISE FINANCIAL INC's Recent Trade in Outset Medical Inc
Overview of the Recent Transaction
On August 31, 2024, AMERIPRISE FINANCIAL INC (Trades, Portfolio) executed a significant transaction involving the shares of Outset Medical Inc (NASDAQ:OM), a company known for its innovative medical technology. The firm decided to reduce its holdings by 5,191,967 shares, which drastically altered its investment in Outset Medical. This move is particularly notable given the traded price of $0.53 per share, reflecting a strategic decision in the firms investment approach.
Profile of AMERIPRISE FINANCIAL INC (Trades, Portfolio)