NFLX

Sector Update: Technology

Technology stocks are sliding today with shares of technology companies in the S&P 500 declining about 0.7%.

In company news, Netflix ( NFLX ) is up about 2.5% this afternoon at $313.05 a share, earlier reaching a new 52-week high of $315.88 following reports the video-streaming company may have doubled its subscriber base in Canada over the past year.

According to the (Toronto) Globe and Mail, citing surveys by the Media Technology Monitor between March 6 to April 14, about 25% of Canadians now have NFLX accounts - up from 13% during the year-ago period.

In other sector news,

(+) SSTK, Online digital imaging firm prices follow-on offering of 1 mln shares sold by the company at $60 each, also selling another 3.6 mln shares previously held by Insight Venture Partners and company founder and CEO Jon Oringer.

(-) Z, Reiterated with a negative outlook at Citron Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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