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Netflix Stock Jumps as Ackman's Pershing Square Builds New Stake

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The Story

News Summary

  • Bill Ackman's Pershing Square disclosed a new 3.15M-share Netflix stake, 4.9% of its portfolio, citing improving market position, double-digit revenue growth potential, and margin expansion.
  • Stock rose 4% on the news.
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NFLX price history

77.40 -27.64% over the displayed period

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