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-0.000690448791714641 0.00073647871116224 0.000207134637514458 -0.000299194476409656 -0.000920598388952767 0.000230149597238257 0.000230149597238257 0.000230149597238257
Stock impact report

Netflix Shares May Drop Despite Massive Subscriber Beat [Forbes]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Forbes
Netflix Inc. (NFLX) delivered first quarter global net subscriber additions of almost 15.8 million. A mind-blowing number of new subscribers for the company, considering Netflix hadguidedThe massive subscriber growth in the first quarter may have come at the expense of future quarters. The company described it best in theshareholder letterShares May Trade LowerTechnical ChartTradingviewThe stock appears to be reacting to that weaker outlook, trading unchanged in the after-hours on April 21, despite the big net addition beat. Interestingly, the stock traded as high as $485 and then gave back all those gains. Recently, the equity has struggled to get over $450, and that price may continue to serve as a level of technical resistance. However, should the shares be able to rise above that resistance level, it is likely to race higher to $485. But the trends have been weakening going into earnings. The relative strength index has been trending lower since peaking at overbought levels at 73 Show less Read more
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