Hedge fund stakes raised at noon by Sony by Investing.com

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© Reuters.

Investing.com – Sony jumped into trading at noon after the announcement that a hedge fund was taking a stake in the company to initiate changes.

The third point of Daniel Loeb acquired a stake in Sony for the second time in six years, but the extent of the position was not known.

Sony (NYSE 🙂 rose 7%.

The company is currently in a recovery phase and is looking for the next revenue factor as sales of its PlayStation 4 reach the end of their cycle.

Sony's shares are down about 4.5% for the year.

The rise was 0.6% in the middle of the day.

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