Michael Burry saved this much by selling this disastrous stock
Advance Auto Parts(AAP) Finbold·2024-08-28 18:49
Back in March 2024 – at the very end of the first quarter (Q1) of 2024 – Advance Auto Parts (NYSE: AAP) appeared to be one of the best holdings in the portfolio of ‘The Big Short’ investor Michael Burry.At that time, AAP shares were up 36% in the year-to-date (YTD) chart and had made approximately $3 million for the famous trader. By press time on August 28, things had changed significantly as the automotive aftermarket parts provider’s stock retraced almost 50% through Q2 and the first two months of Q3 of ...