Netflix (NASDAQ: NFLX): Top Loser Today

2010 July 23

tags: nasdaq omx, netflix streaming, netflix wii

by Prakash

Netflix (NASDAQ: NFLX) plunged 13.76% to $103.19 in afternoon trading on Thursday, a day after the company reported second-quarter sales that fell short of analysts’ estimates. Netflix said late Wednesday that its second-quarter revenue rose to $519.8 million from $493.7 million in the same quarter last year. Analysts had expected the company to report second-quarter revenue of $524.1 million.

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DISCLAIMER : Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.

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