🟢 Netflix is trading 3.46% up today after Pershing Square disclosed a 3.15 million-share position

Netflix is trading at $76.78, up +3.46%, after Pershing Square disclosed a 3.15 million-share position.

• The position represents 4.9% of Pershing Square’s portfolio.
• Reuters reported the investment as part of Bill Ackman’s return to Netflix after previously selling at a substantial loss.
• Broader risk-on sentiment, including gains in the S&P 500 and Nasdaq Composite, may provide additional support.