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Tempur Sealy International latest news:
Einhorn's Greenlight Capital cuts stakes in GM, Apple
David Einhorn's Greenlight Capital reduced its stakes in iPhone maker Apple Inc. and automaker General Motors Co. in the third quarter, according to a Tuesday regulatory filing. Greenlight's stake in Apple stood at 2,192,900 shares as of Sept. 30, reducing its stake by nearly 1.74 million shares, or 44%, compared to the end of the second-quarter, according to filing tracking service Whalewsidom.com. Greenlight cut its stake in GM by nearly 20.2 million shares, or 36%, to 34,561,500 shares, but also bought 2 million call options, which give a holder the right, but not the obligation, to buy the underlying security at a set price by a certain date. Greenlight bought 3.6 million shares of mattress maker Tempur Sealy International , while new stakes included nearly 8.4 million shares of Exela Technologies Inc. and 1.7 million shares of Venator Materials PLC .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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