- Netflix is the best performing FAANG stock of 2018 so far, but that same outperformance is fueling skepticism.
- Shares of the streaming company fell 2% Monday, with short-seller Andrew Left’s Citron Research saying the stock could slump to $ 300.
- You can track the stock’s price in real-time here>>
Shares of Netflix slumped more than 3% Monday morning, as low as $ 318.79, after short-seller Citron Research said the stock could sink to $ 300.
“Stranger Things happening at $ NFLX,” noted short seller Andrew Left’s Citron Research tweeted Monday morning. “With market cap up $ 17 billion in a week and short interest at 10-year-low, Citron thinks the stock can be shorted back to $ 300.”See the rest of the story at Business Insider
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