Cette position boursière de Michael Burry de 2 millions de dollars est passée inaperçue
Last month, the investing world witnessed a seismic shift as legendary fund manager and investor Michael Burry revealed his new ‘big short’ position against the stock market. Burry, who famously profited from shorting the US housing market in 2008, returned to the scene with a bold move, shorting US stocks through 40,000 put options with a nominal value of the contacts at $1.6 billion. Amidst the buzz surrounding this high-profile trade, some of Burrys other stock market moves have slipped under the radar, including his recent investissement de 2.2 million de dollars in iHeartMedia (NASDAQ: IHRT). This unexpected bet on a seemingly unremarkable company has raised eyebrows and left many questioning his rationale. IHRT down 45% in 2023 Three weeks ago, Burry revealed a $2.2 million stake in iHeartMedia, a mass media corporation focused on radio broadcasting. Burrys move raised many eyebrows in the investing space, considering that IHRT is a stock that plummeted around 45% in 2023. IHRT YTD performance. Source: TradingView At the time of writing, the stock was trading at $3.32 per share, up slightly at the market open. Over the past week, IHRT fell more than 10% and over 7% on the month. Moreover, IHRT operates within what is often characterized as a “dying