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(NFLX, MJGCF, PRAA, LANC) Stock Report from DrStockpick.com
3 Stocks that Could Heat Up Thanks to the Netflix Meltdown
First, there’s a pending separation with Liberty Starz (LSTZA) that will end the “Starz Play” feature inside Netflix come February. Roughly 8% of movie and TV content could go away.
Second, there’s the substantial price increase on those who have both DVD and streaming service. The bump is widely cited as the reason why more than 800,000 customers fled Netflix last quarter.
Netflix, Inc. (NASDAQ:NFLX) witnessed volume of 45.08 million shares during last trade however it holds an average trading capacity of 11.96 million shares. NFLX last trade opened at $74.90 reached intraday low of $74.25 and went -34.90% down to close at $77.37.
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Two of the key players in the battle for online streaming market, Netflix and Amazon, announced Monday that they've acquired new weapons for their content arsenals.
Netflix has sealed a streaming deal with DreamWorks Animation -- and unlike many contracts, this one is an exclusive.