Netflix stock sinks as investors take profits

By | August 20, 2015

Scalper1 News

After two weeks of bullish analyst reports and price target hikes, Netflix (NFLX) stock fell from its lofty perch on Thursday. In afternoon trading on the stock market today, Netflix was down 7.5% to near 113 amid a broader market selloff. The Internet television company reached a record high of 129.29 on Aug. 5. Analysts attributed the drop Tuesday to profit-taking and valuation concerns. Netflix stock has held strong in recent weeks as Scalper1 News

Scalper1 News