- Bill Ackman's Pershing Square Capital has reportedly amassed a $1 billion stake in Lowe's.
- News of the investment comes one day after Lowe's tapped Home Depot veteran Marvin Ellison to lead the chain.
- Lowe's reported first quarter earnings on Wednesday that missed Wall Street expectations for profit, revenue, and comparable sales.
- Follow Lowe's stock price in real-time here.
Add billionaire investor Bill Ackman to those who welcome the hiring of Lowe's new CEO...