Netflix (NFLX) Under Heavy Pressure; Icahn Selling Rumors Resurface

March 4, 2013 12:01 PM EST
Netflix, Inc. (NASDAQ: NFLX) is under heavy pressure Monday which has sparked rumors that Carl Icahn could be selling his massive stake in the streaming video provider to focus on other opportunities.

Shares of Netflix are down 5.6 percent.

There rumors have sprung up in the past and were only proven wrong. As recently as the end of January Mr. Icahn was talking up the stock on Bloomberg saying the company wouldn't turn up its nose at a $350/share bid.

Icahn owns about 5.5 million share, or 9.9 percent of the shares outstanding.

In addition to Netflix, Icahn has his hands full with Herbalife (NYSE: HLF) and Transocean Ltd. (NYSE: RIG), among others.

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