3 Terrible Reasons to Sell Netflix Inc. Stock
With the stock up sharply this year, many investors appear to be hunting for reasons to sell their Netflix (NASDAQ: NFLX) shares and book profits. The latest reflexive dip came after Disney (NYSE: DIS) announced plans to step back from its content distribution partnership and launch its own subscription service. Never mind that the shift only applies to a subset of Disney content (Disney and Pixar studio movies, but not TV shows, and not Marvel and Lucasfilm properties) and won't affect the service until late 2019. Netflix's stock still dropped 3% immediately following the news.
There are good reasons an investor might want to sell this stock, including a broken investing thesis or concern over its premium valuation. But below, we'll look at a few particularly weak justifications for exiting your position in the streaming video giant.
Image source: Getty Images.
Source: Fool.com
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