Why Party City Investors Were Partying on Monday

Why Party City Investors Were Partying on Monday
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Łukasz Sosin
    Polish footballer

Shares of Party City Holdco (NYSE: PRTY) climbed sharply higher Wednesday, jumping as much as 10.2%, before ending the day up 7.4%. The catalyst that sent the party-goods specialist higher was a significant additional investment by a hedge fund. A regulatory filing released after the market close on Friday revealed that Clifford Sosin, investment manager at CAS Investment Partners, had increased his stake in the party supplier by a wide margin.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting