Netflix: Continuing the rollover (NASDAQ:NFLX)

by Josh Netflix Inc. ($NFLX) was last at $331.50, down $5.55 (-1.6%) on a volume of 1,206,500 shares here at the end of the noon hour. Shares closed yesterday’s session at $337.05.

Netflix shares gapped down below the 50 day moving average this Tuesday on heavy volume and have have continued lower this week. The 50 day moving average is well respected medium term trend indicator.

On the options front, implied volatility is ramping up today currently at 58% up from 51% yesterday. Expiration is next week, with earnings the following week, setting a colorful backdrop to derivative speculators.

52 Week Range $95.70-$389.16 Market Cap 19,633,886,211 Average Volume 2,401,449 Dividend Yield 0.00% Institutional Ownership 88.60% Insider Ownership: 0.40% Percentage of Float Short 10.30% Beta 0.77

Netflix, Inc., is a provider of internet subscription service streaming TV shows and movies. Its subscribers can instantly watch unlimited TV shows and movies streamed over the Internet to their TVs, computers and mobile devices and in the United States.

Articles