Shares of Netflix (NFLX) Sees Large Inflow of Net Money Flow

Netflix (NFLX) : On Friday, The money flowed into the Netflix (NFLX) stock with an uptick to downtick ratio was recorded at 1.02. Transactions worth $241.74 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $236.45 million. The total money flow into the stock was $5.29 million. The block trades reveal a bullish bias with an up-down ratio of 3.83. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $11.47 million of block transactions on upticks. The value of block trades on downticks was $3 million, indicating lower selling interest. The total money flow in block trades was $8.47 million. In terms of price action, Netflix (NFLX) traded down $0.1 during the session at $85.89. Compared to the previous days closing, the stock was down only by -0.12%. For the week, the stock is -12.7%, over previous weeks closing.


Netflix (NFLX) : The highest short term price target forecast on Netflix (NFLX) is $139 and the lowest target price is $50. A total of 29 equity analysts are currently covering the company. The average price of all the analysts is $107.1 with a standard deviation of $21.3.

Netflix (NASDAQ:NFLX): On Fridays trading session , Opening price of the stock was $86.48 with an intraday high of $86.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $85.11. However, the stock managed to close at $85.89, a loss of 0.12% for the day. On the previous day, the stock had closed at $85.99. The total traded volume of the day was 11,363,917 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.

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