Among the S&P 500’s biggest fallers on Tuesday December 10 was Netflix Inc. (NFLX). The stock experienced a 3.1% decline to $293.12 with 10.44 million shares changing hands.
Netflix Inc. started at an opening price of 296.12 and hit a high of $298.94 and a low of $292.02. Ultimately, the stock took a hit and finished the day at $9.38 per share. Netflix Inc. trades an average of n/a shares a day out of a total 438.25 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Netflix Inc. hit a high of $385.99 and a low of $231.23 over the last year.
Netflix’s primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.
With its headquarters located in Los Gatos, CA, Netflix Inc. employs 7,100 people. After today’s trading, the company’s market cap has fallen to $128.46 billion, a P/S of n/a, a P/B of 18.72, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
