Shares of Netflix (NFLX) Sees Large Outflow of Money

Netflix (NFLX) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (28.82 million) in Netflix (NFLX). On Tuesday, The value of composite uptick trades was $143.7 million, whereas, the value of composite downtick trades was $172.52 million and the ratio between the two was 0.83, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $26.16 million. $2.24 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.09. The negative money flow of ($23.91 million) shows selling on strength. Netflix (NFLX) gained $0.15 intraday at $97.45 and registrered 0.15% for the week.


Also, Major Brokerage house, William Blair upgrades its ratings on Netflix (NASDAQ:NFLX). According to the latest information available, the shares are now rated Market Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on August 24, 2016.

Shares of Netflix, Inc. rose by 1.57% in the last five trading days and 3.26% for the last 4 weeks. Netflix, Inc. has dropped 4% during the last 3-month period . Year-to-Date the stock performance stands at -14.8%.

Netflix (NASDAQ:NFLX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $97.84 and $97.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $98.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $97.45, notching a gain of 0.15% for the day. The total traded volume was 6,093,536 . The stock had closed at $97.30 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Barton Richard N, director of Netflix Inc, had unloaded 1,400 shares at an average price of $95.46 in a transaction dated on August 17, 2016. The total value of the transaction was worth $133,644.

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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