Netflix (NFLX) : Investors lapped up stocks on upticks to the tune of $94.15 million in the Fridays trading session. The trading value on downticks was comparatively at $92.13 million and the uptick to downtick ratio of 1.02 indicates continuous buying by the bulls. The net money flow into the stock was $2.02 million. Upticks saw transactions worth $3.83 clearly indicating buying by large investors. The total money flow for block trades stood at $3.83 million, which is a positive for the stock in the long-term. Netflix (NFLX) fell $0.08 during the day at $97.3, a drop of -0.08% over the previous days close. However, for the week, the stock is -0.29%, compared to the previous week.
The company Insiders own 4.9% of Netflix shares according to the proxy statements. Institutional Investors own 78.51% of Netflix shares.
In a related news, The Securities and Exchange Commission has divulged that Hastings Reed, director officer (CEO) of Netflix Inc, had unloaded 102,340 shares at an average price of $95.21 in a transaction dated on August 22, 2016. The total value of the transaction was worth $9,743,791.
Netflix (NASDAQ:NFLX): The stock was completely flat for the day, closing at $97.38 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $97.90, the stock touched an intraday high of $98.18 and a low of $97.01. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $97.38. The total trading volume on Friday was 4,247,182.
Netflix (NFLX) has risen sharply, recording gains of 0.36% in the past 4 weeks. However, the stock has corrected -0.21% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.49% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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.