Large Outflow of Money Witnessed in Netflix

Shares of Netflix (NASDAQ:NFLX) traded 0.1 points or 0.11% higher at $93.85.The total intraday money flow for the shares came in at a disappointing $(-8.09) million. The total upticks amounted to $306.18 million and the total downticks were approximately $314.28 million, with the up/down ratio of 0.97. On a different note, the shares have seen -5.76% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $21.34 million in upticks and an outflow of $23.62 million in downticks. The up/down ratio for the block was found to be 0.9. The net money flow for the block transaction was $(-2.28) million.


Currently the company Insiders own 6.18% of Netflix shares according to the proxy statements. Institutional Investors own 84.81% of Netflix shares. On the companys insider trading activities,The director of Netflix Inc, Barton Richard N sold 2,800 shares at $101.41 on June 1, 2016. The Insider selling transaction had a total value worth of $283,948. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Netflix (NASDAQ:NFLX) : On Monday heightened volatility was witnessed in Netflix (NASDAQ:NFLX) which led to swings in the share price. The stock opened for trading at $95.02 and hit $97.2 on the upside , eventually ending the session at $93.85, with a gain of 0.11% or 0.1 points. The heightened volatility saw the trading volume jump to 13,484,345 shares. The 52-week high of the share price is $133.27 and the company has a market cap of $40,195 million. The 52-week low of the share price is at $79.95 .

Many analysts have stated their opinion on the company shares. Goldman Sachs maintains their rating on the shares of Netflix (NASDAQ:NFLX). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $120 per share from $130 per share. The rating by the firm was issued on April 19, 2016.

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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