Markets

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.

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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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