Netflix (NFLX) : During the past 4 weeks, traders have been relatively bearish on Netflix (NFLX), hence the stock is down -0.19% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.12% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.37% in the last 1 week, and is up 4.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.4% and the 50-Day Moving Average is 4.38%.
Netflix (NASDAQ:NFLX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $98.52 and $97.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $98.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $98.39, notching a gain of 0.38% for the day. The total traded volume was 9,041,865 . The stock had closed at $98.02 on the previous day.
The company Insiders own 4.9% of Netflix shares according to the proxy statements. Institutional Investors own 84.87% of Netflix shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Netflix Inc, Barton Richard N had sold 1,400 shares worth of $133,882 in a transaction dated July 11, 2016. In this transaction, 1,400 shares were sold at $95.63 per share.
Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.