People aren’t willing to let go of the movie theatre experience for the convenience of online streaming lockdowns are over. While the narrative might support a short sellers view, it’s definitely far from the truth. The pension fund now owns a total of 775,392 shares according to Barrons.Īnalysts and corporate media reporters have been saying for over a year now the movie theatre industry was dead due to the rise of online streaming. Last year CALPERS quadrupled their stake in AMC during the 4th quarter where they accumulated a total of 619,400 shares of the largest movie theatre chain in the world. This year, AMC and GameStop continue to be high profile stocks as their short interest continues to be extremely high, sitting above 21% each.ĪMC had a powerful Q1 earnings report this year leaving Wall Street analysts and reporters humiliated. CALPERS keeps buying and holding AMC stock Largest pension in America buys AMC, sells NetflixĬALPERS increased their stake in AMC and GameStop throughout the 2021.ĪMC and GameStop were two of the highest profile stocks in the market for 2021.ĪMC saw gains upwards of +3,000% while GameStop saw gains half of AMC’s.
Now America’s largest pension fund is dumping its Netflix stock and buying AMC Entertainment stock instead. Netflix lost 200,000 customers in the first quarter of 2022.
APES STRONG TOGETHER MEME PASSWORD
Things did not get better after Netflix announced the crackdown of password sharing. Viewers argued that the company had already built too strong of a foundation to make such a change to its business model and that going that route would hurt its memberships. Netflix received backlash in April after announcing the company plans to advertise on the platform with commercials. It dropped 38% the first quarter of 2022 alone. Netflix stock is down almost 69% this year-to-date.
It ended the first quarter with a total of 1.2 million shares in the streaming platform giant. Largest pension in America sells 605,501 shares of Netflix (NFLX) Largest pension fund in America buys AMC, sells NetflixĬALPERS sold a whopping 605,501 shares of Netflix stock (NFLX). Receive weekly market news to stay up to date. Join the newsletter to become part of an activist group fighting for market transparency!
0 kommentar(er)
