Netflix is trading 3.02% up at $80.42, extending its August 18, 2026 gain after Pershing Square disclosed a new 3.15-million-share position.

  • Investor Bill Ackman’s Pershing Square described the disclosure as a strong vote of confidence.
  • Pershing Square said Netflix has effectively won the streaming wars, citing sustained revenue growth and expanding margins.
  • The broader market is mixed, making the move primarily company-specific.