• Quotes
  • Shortcuts
The Executive's Internet
Thurs, Jan 27th
icon
GoogleAmazonWikipedia


spacerspacer

 

 BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'capital end'. (Return)

MarketWatch MarketPulseJan 27, 2022
Netflix stock bounces off 22-month low after Pershing Square hedge fund buys shares
Shares of Netflix Inc. bounced 4.8% in premarket trading Thursday, off a 22-month closing low in the previous session, after Bill Ackman said his Pershing Square Capital Management hedge fund bought 3.1 million of the streaming video services company's shares "beginning on Friday and over the past several days." Based on Wednesday's closing price of $359.70, which was the lowest since March 27, 2020, the shares purchased would be valued at about $1.12 billion, or about 0.7% of Netflix's market capitalization of $159.33 billion. Ackman's announcement comes after the stock had plunged 30.3% amid a five-day losing streak, highlighted by the 21.8% selloff on Friday after a disappointing fourth-quarter report and outlook. Pershing Square didn't own any Netflix shares at the end of the third quarter, according to the latest 13F filing. The stock has tumbled 45.7% over the past three months through Wednesday, while the S&P 500 has slipped 4.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Entrepreneur.comJan 26, 2022
Axis Capital (AXS) Q4 Earnings and Revenues Beat Estimates
Axis Capital (AXS) delivered earnings and revenue surprises of 57.78% and 11.17%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the...
TRENDING TAGS
Fedrate futures Dow points Stocks
stockBuy market Fed earnings These
StocksBuy Fed Market These Moves
earningsEstimates Q4 stock Beat Revenues
InvestorsFed futures Dow points update
marketStocks Fed stock Powell know
rateFed Interest March Market Stocks
YearEconomy grew since full-year Oil
GDPReport 69% Dow rises points
omicronModerna Despite COVID Coronavirus booster

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2022 CEOExpress Company LLC