Bill Ackman, the billionaire investor whose fund Pershing Square bought more than three million shares of Netflix in January, said Wednesday that it had sold its stake in the company at a loss
Netflix Inc. shares fell 35.
1% on Wednesday, recording their worst day since 2004, after the streaming giant reported that itWilliam Ackman, the billionaire investor whose fund bought more than three million shares of Netflix in January, said Wednesday that the fund had sold its stake at a loss. In a letter to investors, Mr. Ackman said Netflix would reduce returns at the fund, Pershing Square, by four percentage points. That implies a loss of around $400 million.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
S&P 500 holds above 4,450 while Nasdaq 100 underperforms as Netflix shares take post-earnings batteringUS equity markets were mixed on Wednesday, with a steep more than 35% drop in Netflix shares weighing on the Nasdaq 100 index and tech stocks more bro
Lire la suite »
Ackman's fund likely feeling the Netflix pain as shares plungeThree months ago hedge fund manager William Ackman cheered when Netflix's stock price suddenly dropped, buying up 3 million shares as other investors fretted over weak subscriber growth at the streaming company.
Lire la suite »
Netflix Share Price on Track for Biggest Fall in Nearly a DecadeShares shed a quarter of their value in premarket trading after the streaming giant reported that it ended the first three months of the year with 200,000 fewer subscribers than it had in the fourth quarter.
Lire la suite »
Stocks making the biggest moves midday: Netflix, M&T Bank, Baker Hughes, IBM & moreThese are the stocks posting the largest moves in midday trading.
Lire la suite »
Stocks making the biggest moves after hours: Netflix, IBM, Disney and moreSee which stocks are posting big moves after the bell.
Lire la suite »
Netflix's world has been turned upside down as stock plunges 35%Call Eleven and Sheriff Hopper of 'Stranger Things,' because Netflix's world has been turned upside down.
Lire la suite »