3 Reasons to Sell Netflix Stock Now
Netflix (NASDAQ: NFLX) stock had been on a tear coming into its second-quarter earnings report, as excitement over a subscriber bump from its paid sharing rollout helped drive the stock price up 40% over the last three months. However, the leading streaming stock sold off after its earnings report on Thursday as weak revenue guidance in the third quarter overshadowed 5.9 million subscriber additions in the second quarter.
Additionally, there were other comments in the shareholder letter that may have turned off investors. Let's take a look at three reasons you may want to sell Netflix stock after the latest report.
Image source: Getty Images.
Source Fool.com
Netflix Inc. Aktie
611,40 €
1,42 %
Die Community bevorzugt leicht Netflix Inc. mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 643 € für Netflix Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 611.4 € hin.
