Investor Robert Chapman Cuts Stake In Lumber Liquidators

CNBC's Scott Wapner tweeted that activist investor Robert Chapman had cut his position in Lumber Liquidators Holdings Inc (NYSE: LL)

EXCLUSIVE: Chapman reduces $LL position by HALF into today's rally. Had $30/shr cost-basis. Says margin contraction makes PE expansion hard

— Scott Wapner (@ScottWapnerCNBC) April 2, 2015

Shares of the company rallied Thursday to $34.81 before giving back some of the gains in the afternoon.

Lumber Liquidators recently traded at $33.58, up 1.73 percent.