Yahoo Finance Live anchors round up the latest stock buys and sells indicated on 13F filings.
It's been four months since Pershing Square's Bill Ackman unloaded his short-lived stake in Netflix (NASDAQ: NFLX). Netflix stunned the market with a sequential dip in global subscribers, forecasting a much larger decline for the second quarter. Ackman held Netflix for less than three months, and it proved costly.
Investors keeping close tabs on the streaming market likely know that Netflix (NASDAQ: NFLX) lost subscribers again last quarter. In fact, its second-quarter loss of nearly one million customers follows the first quarter's attrition of 200,000 paying subscribers. What's less apparent but perhaps more important is that it's not just Netflix bumping into a headwind.