Sentiment: Positive
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Netflix (NFLX) Stock Jumps After Bill Ackman’s Pershing Square Takes 4.9% Stake
By Trader Edge at 2026-10-03 10:52
Sentiment: Positive
TLDR Bill Ackman’s Pershing Square Capital Management disclosed a new 3.15 million-share stake in Netflix, representing 4.9% of its portfolio. Netflix stock rose as much as 4.7% Thursday, trading up around 3.5% by mid-morning. Pershing Square said Netflix has “effectively won the streaming wars” and expects double-digit revenue compounding. Netflix’s ad-supported tier is on track [...] The post Netflix (NFLX) Stock Jumps After Bill Ackman’s Pershing Square Takes 4.9% Stake appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central