Bill Gates’ Investment Vehicles Continue To Buy AutoNation (AN), Sparking Share Rally

Posted: November 28, 2008 at 2:44 pm

Just days after boosting his stake to 10%, Bill Gates’ investment vehicles, Cascade Investment and Bill & Melinda Gates Foundation Trust, continue to scoop up shares of battered auto retailer AutoNation, Inc. (NYSE: AN).

Gates’ recent buying has sparked a rally in the stock. The stock which started the week at $6.45 are currently trading at $8.53, a gain of 32%.

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