Netflix (NFLX) faces growing U.S. competition as its costs rise to expand overseas, says Evercore ISI, and its content lags that of rival HBO. The investment bank on Monday downgraded Netflix stock to sell. Netflix stock was down 3.5% in early trading in the stock market today, at 423.10. Netflix stock is down significantly since touching a six-month high of 486.50 on Feb. 26 as is now right at its 50-day moving average. Its Q4 earnings beat in
Netflix (NFLX) faces growing U.S. competition as its costs rise to expand overseas, says Evercore ISI, and its content lags that of rival HBO. The investment bank on Monday downgraded Netflix stock to sell. Netflix stock was down 3.5% in early trading in the stock market today, at 423.10. Netflix stock is down significantly since touching a six-month high of 486.50 on Feb. 26 as is now right at its 50-day moving average. Its Q4 earnings beat in
Netflix (NFLX) looks like it will pass up a chance to stream “Seinfeld” reruns as Sony reportedly closes in on a deal that could involve rivals Amazon, Yahoo and Hulu. Sony’s (SNE) television unit is in “advanced talks” and expects to sell streaming rights to Seinfeld reruns in the next few weeks, sources told the Wall Street Journal. While Netflix last year bought the rights to another 1990s sitcom, “Friends,” and paid an estimated $500,000 per