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Icahn sale would hit Netflix stock: RBC's Mahaney

Icahn sale of Netflix stock would hit price: Mark Mahaney

A sale of Netflix stock by Carl Icahn could send the shares 5 to 7 percent lower, RBC Capital Markets Internet analyst Mark Mahaney said Monday on CNBC's "Fast Money."

"He's been an extremely good buyer of the stock," Mahaney said. "If he were to sell, I wouldn't change our opinion, but we'd note it as a clear negative on the stock. He knows what he's doing with Netflix so far."

Icahn, the billionaire activist investor and chairman of Icahn Enterprises, holds 10 percent of Netflix's outstanding shares

(Read more: Internet's top 'utility' stocks: Mark Mahaney)