Michael Burry Reveals His Profits from The RealReal Stocks
Michael Burry's Insightful Investment in The RealReal Stocks
Michael Burry, renowned for his savvy during the 2008 subprime mortgage crisis, continues to demonstrate his investment acumen with The RealReal (NASDAQ: REAL). Investing $1.26 per share early in 2023, Burry has strategically navigated this stock, increasing his shares to 1.5 million before gradually reducing his position. The stock's recent surge to $5.27 reflects Burry's success, achieving a staggering 318.25% increase.
Details of Burry's Investment Journey
- Initial purchase in Q1 2023: 684,442 shares at $1.26.
- Reported holdings as of Q2 2023: 1,500,000 shares.
- Q3 2023 reduction to 750,000 shares.
- Year-to-date increase of 167.26% for REAL stock.
Burry's cautious adjustments illustrate his strategic planning in the ever-changing financial landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.