Tilson Trims Netflix (NFLX) Position, But Said Shares Could Double
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On CNBC's Fast Money, hedge fund manger Whitney Tilson said he trimmed his position in Netflix, Inc. (Nasdaq: NFLX) into the quarter. However, he said the report showed that things shifted in favor of the bulls. Tilson said he cut the position for risk management purposes, but said if trends continue to move favorably the stock could double from here.
Shares of Netflix are up nearly 14 percent after-hours Wednesday after better-than-expected fourth quarter results.
Shares of Netflix are up nearly 14 percent after-hours Wednesday after better-than-expected fourth quarter results.
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