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Sony Rises Midday at Hedge Fund Stake Report by Investing.com




© Reuters. Investing.com – Sony jumped in midday trading after a report that a hedge fund took a stake in the company to initiate changes.

Daniel Loeb's third point has gathered a stake in Sony for the second time in six years, but the size of the position was not known.

Sony (NYSE 🙂 rose 7%.

The company is currently in the midst of a turnaround plan and is looking for the next revenue earner that sales of PlayStation 4 reaches the end of their cycle.

Sony shares are around 4.5% for the year.

It was up 0.6% dinner.

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