Pre-Open Movers: Disney Surges After Subscriber Adds Beat, Six Flags Shares Fall
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Hedge Fund Third Point Takes New Stake in Walt Disney (DIS)
August 15, 2022 10:42 AM EDTNew York-based hedge fund Third Point has taken a new stake in Walt Disney (NYSE: DIS), it was revealed on Monday.
Back in May, it was reported that Daniel Loeb, Third Point's founder and chief executive, liquidated its position in Walt Disney during the first quarter after previously urging the company to spend more aggressively on its streaming platform.
However, they have now taken a new... More
Six Flags (SIX) Trends Down More that 20% After 2Q Report
August 11, 2022 12:16 PM EDTSix Flags Entertainment Corporation (NYSE: SIX) is down 22.5% in mid-day trading Thursday after the company reported 2Q results and offered forward-looking commentary during the earnings call.
The amusement park company reported 2Q sales of $435 million, $89 million short of the consensus projection of $524 million. 2Q attendance of 6.7M visits was 1.2M short of the Streets ~7.9M visit estimate. This is down 22% Y/Y and equates to a 37% decline vs. 2Q19.
SIX reported an adjusted EBITDA of $155 million, missing the analyst consensus of $198 million. 1H22 EBITDA is tracking -$8.3M vs. 2019, tracking... More
Veru, Inc. (VERU) Halted on Volatility
August 11, 2022 9:39 AM EDTVeru, Inc. (NASDAQ: VERU) Halted on Volatility
... MoreInVitae (NVTA) Halted on Volatility, Down 36%
August 11, 2022 9:38 AM EDTInVitae (NYSE: NVTA) Halted on Volatility, Down 36%
... More