Just as we wondered earlier in the day…
Has Icahn tweeted an update on his NFLX position yet?
— zerohedge (@zerohedge) October 22, 2013
Sold block of NFLX today. Wish to thank Reed Hastings, Ted Sarandos, NFLX team, and last but not least Kevin Spacey: http://t.co/BRWpKOBfD2
— Carl Icahn (@Carl_C_Icahn) October 22, 2013
What is perhaps most worrisome for the market is the sale of 2.99 million shares collapsed the market cap by around 20%…
Of course, he hedges his sell…
- *ICAHN SAYS NETFLIX REMAINS `SIGNIFICANTLY UNDERVALUED’
- *NETFLIX HOLDER ICAHN REPORTS SALE OF 2.99M SHRS
- *ICAHN CITES 457% NFLX SHR PRICE BOOST SINCE ORIGINAL INVESTMENT
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/35OgRgydCIw/story01.htm Tyler Durden