Previous close | 24.75 |
Open | 19.50 |
Bid | 26.35 |
Ask | 27.25 |
Strike | 130.00 |
Expiry date | 2024-08-16 |
Day's range | 19.50 - 24.75 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Linear networks have been a pain point for legacy media giants as a dismal ad environment drags on revenue, coupled with the mass exodus of pay TV consumers.
Here we present three streaming stocks positioned to capitalize on the trend of competing media companies forming partnerships to bundle their services, aimed at driving subscriber acquisition and retention.
Stocks such as AMC and GameStop are skyrocketing, completely divorced from news about the companies. Funds such as Citron Research and Melvin Capital lost billions in the last meme-stock frenzy. One of the reasons GameStop and AMC, along with the now-defunct Bed Bath & Beyond, became meme stocks in 2021 was out of nostalgia for their old-fashioned bricks-and-mortar existence in the face of Covid-19 pandemic restrictions.