Netflix Rose Nearly 6% in Morning Trading after Ackman Took A New Position in It
Tiger Newspress2022-01-27
Netflix rose nearly 6% in morning trading after Ackman took a new position in it.
Billionaire investor William Ackman has built a new stake in streaming service Netflix Inc worth more than $1 billion.
Ackman told investors that his hedge fund, Pershing Square Capital Management, started buying on Friday and now owns more than 3.1 million shares in Netflix, making Pershing Square a top 20 shareholder.
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