Steven Cohen's Increased CXR Position
Though he and his former company SAC Capital Partners got into big legal trouble a while back, but it appears he is still one of the wealthiest people in America and has made a lot of money over the years.
His company, Point72, looks like it has upped itd ownership in CXR from 1.2 million shares to 2.9 million shares, and Point72 now apparently owns almost 6% of CXR.
I wonder if his company still holds all these shares, and if so, could it be that he sees some as yet unrecognized value in the company....?.......Perhaps he could be one of the large stake owners that could initiate the removal of Mark Thompson as Chairman and CEO.....?
If Thompson does announce he's stepping down, that alone could put a floor under the share price and perhaps we would see some short covering / optimism, especially if a reputable individual was brought in to replace him......?