Netflix Stock Drops Below Key Level Before Q3 Earnings Report
Netflix shares have fallen for five straight trading sessions. On Wednesday, Netflix stock dropped below its 50- day moving average line, a key support level, according to IBD MarketSurge charts. On the stock market today, Netflix stock fell 1.6% to close at 1,183.59. Analysts polled by FactSet expect the streaming video leader to earn 11.51 billion in the September quarter. That would translate to year-over-year growth of 29% in earnings and 17% in sales. For the current quarter, ...