Shares of Netflix (NFLX) Sees Large Outflow of Money

Netflix (NFLX) : Net money flow in Netflix (NFLX) was negative ($17.1 million) and the inflow of money on uptick was $243.8 million, whereas, the outflow of money on downticks amounted to $260.9 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.93. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.96 million. On the other hand, the total value of block trades done on downticks was $20.15 million. The ratio of uptick to downtick block trades was 0.05. The money flow in block trades was negative ($19.19). Netflix (NFLX) gained $0.5 cent during the day and reached $95.1, a gain of 0.53% over the previous day.


Netflix (NFLX) : 26 investment research analysts covering Netflix (NFLX) have an average price target of $121.39 for the near short term. The highest target price given by the Brokerage Firm to the stock is $146 and the lowest target is $45 for the short term. Analysts expect the variance to be within $24.78 of the average price. The stock has recorded a 20-day Moving Average of 2.22% and the 50-Day Moving Average is 1.51%.

Netflix (NASDAQ:NFLX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.70 and $93.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.10, notching a gain of 0.53% for the day. The total traded volume was 9,913,509 . The stock had closed at $94.60 on the previous day.

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.

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