While investors and analysts bailed on Netflix (ticker: NFLX) stock earlier this month after the company disclosed weaker-than-expected subscriber figures, Ackman bought shares, finding much of the Street to be shortsighted. Netflix stock has climbed 5% since Ackman’s made the stake public late on Wednesday. Netflix didn’t respond to a request for comment. Read More...
While investors and analysts bailed on Netflix (ticker: NFLX) stock earlier this month after the company disclosed weaker-than-expected subscriber figures, Ackman bought shares, finding much of the Street to be shortsighted. Netflix stock has climbed 5% since Ackman’s made the stake public late on Wednesday. Netflix didn’t respond to a request for comment.
