Netflix (NFLX) Weak In Early Morning Trading

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Netflix ( NFLX) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Netflix as such a stock due to the following factors:

  • NFLX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $814.9 million.
  • NFLX traded 64,168 shares today in the pre-market hours as of 9:28 AM.
  • NFLX is down 2.2% today from Friday's close.

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More details on NFLX:

Netflix, Inc. operates as an Internet television network, is engaged in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. NFLX has a PE ratio of 144.2. Currently there are 16 analysts that rate Netflix a buy, 4 analysts rate it a sell, and 10 rate it a hold.

The average volume for Netflix has been 2.2 million shares per day over the past 30 days. Netflix has a market cap of $28.9 billion and is part of the services sector and media industry. The stock has a beta of 2.27 and a short float of 9.2% with 3.69 days to cover. Shares are up 29.4% year-to-date as of the close of trading on Friday.

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