Netflix shares poised for a drop – Barron’s

NEW YORK, Dec 26 (BestGrowthStock) – Shares in online video rental
service Netflix Inc (NFLX.O: ) have gotten too expensive and are
poised to drop amid battles with Hollywood studios over
licensing fees, Barron’s said in its latest issue.

Investors have also been concerned by the departure of the
company’s chief financial officer and substantial insider
selling in recent months, the financial weekly said.

But Barron’s, in its Dec 24 issue, suggested the stock
could have a built-in floor — the potential that a big tech
firm could buy the company.

Netflix shares last closed at $184.58. The stock is up 235
percent this year.
(Reporting by Ben Berkowitz; editing by Gunna Dickson)

Netflix shares poised for a drop – Barron’s