Netflix (NFLX) Shirks Broader Market, Rolls Higher
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Netflix (Nasdaq: NFLX) is seeing a little weakness, but the full-fledged video rental stock is still chugging along today and shrugging off broader market moves.
Shares of NFLX peaked at $203.74 per share, a far cry from their high of $247.55, but giving investor another possible reason to get excited...the stock is trying to soar amid competition moving from throwing rocks to throwing nukes.
Most recently, shares sank the other day when Time Warner (NYSE: TWX) announced that they would be streaming The Dark Knight on Facebook, paving the way for a potentially whole new streaming service and an already established network. NFLX stock closed 5.8% lower March 8th, and 1.2% the next day.
Shares today, however, are seeing stronger moves on buying rather then selling. Volume is about double the trailing three-month average.
Shares of NFLX peaked at $203.74 per share, a far cry from their high of $247.55, but giving investor another possible reason to get excited...the stock is trying to soar amid competition moving from throwing rocks to throwing nukes.
Most recently, shares sank the other day when Time Warner (NYSE: TWX) announced that they would be streaming The Dark Knight on Facebook, paving the way for a potentially whole new streaming service and an already established network. NFLX stock closed 5.8% lower March 8th, and 1.2% the next day.
Shares today, however, are seeing stronger moves on buying rather then selling. Volume is about double the trailing three-month average.
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