Large Inflow of Money Detected in Netflix

Netflix (NFLX) : On Monday, The money flowed into the Netflix (NFLX) stock with an uptick to downtick ratio was recorded at 1.03. Transactions worth $135.4 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $131.8 million. The total money flow into the stock was $3.6 million. The block trades reveal a bullish bias with an up-down ratio of 3.92. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $6.87 million of block transactions on upticks. The value of block trades on downticks was $1.75 million, indicating lower selling interest. The total money flow in block trades was $5.11 million. In terms of price action, Netflix (NFLX) traded down $1.02 during the session at $95.57. Compared to the previous days closing, the stock was down only by -1.06%. For the week, the stock is -1.5%, over previous weeks closing.


Shares of Netflix, Inc. appreciated by 0.21% during the last five trading days but lost 3.13% on a 4-week basis. Netflix, Inc. is up 6.95% in the last 3-month period. Year-to-Date the stock performance stands at -16.67%.

Netflix (NASDAQ:NFLX): The stock opened at $96.83 on Monday but the bulls could not build on the opening and the stock topped out at $96.91 for the day. The stock traded down to $95.24 during the day, due to lack of any buying support eventually closed down at $95.31 with a loss of -1.33% for the day. The stock had closed at $96.59 on the previous day. The total traded volume was 7,304,620 shares.

In a related news, Hoag Jay C, director of Netflix Inc, had purchased 300,000 shares on August 8, 2016. The total value of the transaction was $28,287,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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