Latest in bill ackman

Bill Ackman’s Pershing Square Holdings, which made a high-profile purchase of Netflix shares in January after a dip in the stock price, said it sold the stake today, having “lost confidence in our ability to predict the company's future prospects with a sufficient degree of certainty.” Pershing’s portfolio “requires a…

Netflix rose handily in after-hours trading Wednesday following news that Bill Ackman's Pershing Square Capital has acquired more than 3.1 million shares to become a top-20 stockholder. He bought on a big dip. The streamer’s stock has been killed since its fourth-quarter earnings report last week, and amid a series of…