Hedge fund billionaire buys Cinemark stock, an AMC competitor
Cinemark (NYSE: CNK) stock price will be in the spotlight after Dan Loeb, a well-known hedge fund billionaire bought a stake recently. This purchase could lead to more gains since the stock has jumped by over 126% from its lowest point in December. Dan Loeb invests in CinemarkHedge funds are publishing their 13F reports with the SEC this week. In its report, ThirdPoint noted that it acquired shares in Cinemark in the first quarter. It also initiated positions in Alphabet, Marvell Technology, and Advance Auto Parts. Daniel Loeb is a big player in the hedge fund industry and is one of the most r...