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2 Beaten-Down Stocks Insiders Are Buying Heavily

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TheStreet.com

Michael ‘Big Short’ Burry Shorts Apple

Infamous investor Michael Burry of “The Big Short” has bet against Apple ( ), according to a SEC filing. During the first quarter, Burry, a hedge fund investor who is known for predicting and profiting from the housing bubble and subprime mortgage crisis by betting against collaterized debt obligations or CDOs during the mid 2000s, stocked up on Alphabet ( ), Meta Platforms (FB), and Discovery ( ) for Scion Asset Management. The hedge fund owned bearish put options against 206,000 Apple shares as of March 31.

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