Shares of Netflix (NFLX) Sees Large Outflow of Money

Netflix (NFLX) : The total negative money flow of $21.42 million on Wednesday indicates selling on strength. The inflow of money on upticks was $532.46 million, compared to $553.87 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.96. The negative money flow of $2.47 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $25.01 million in a block trade.The transaction value of block trade on downtick was $22.54 million. The uptick to downtick ratio was 1.11. The price action in the Netflix (NFLX) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $87.91 with a gain of $2.07 , a change of 2.41% over the previous days close. The stock registered -10.65% for the week.


Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey maintains its rating on Netflix (NASDAQ:NFLX). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at SunTrust Robinson Humphrey lowers the price target from $115 per share to $110 per share. The rating by the firm was issued on July 14, 2016.

Netflix (NASDAQ:NFLX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $86.67 and $85.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $88.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $87.91, notching a gain of 2.41% for the day. The total traded volume was 23,525,141 . The stock had closed at $85.84 on the previous day.

The stock has recorded a 20-day Moving Average of 5.8% and the 50-Day Moving Average is 6.97%. 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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