NETFLIX SHARES SOAR 42 PERCENT

Volatile Netflix shares were up a sensational 42.22 percent or $43.60 to $146.86 at the close of trading on the Nasdaq today (Thursday) following a better-than-expected quarterly report. Anders Bylund at the MotleyFool.com said that the through-the-roof rise of the stock represented “the kind of pop you’d expect from a generous buyout, not just a […]

NETFLIX EARNINGS PLUNGE — AS DOES ITS STOCK

Netflix, which continues to show ambivalence in support of its original DVD-by-mail operation, reported an 88-percent drop in third-quarter net income Tuesday, triggering another sell-off of shares by investors. At mid-morning Netflix shares were down nearly 15 percent to 58.55 on the Nasdaq but regained some of its losses after it was reported that its […]

SHARES OF THEATER CHAINS DROP DESPITE PICK UP IN ATTENDANCE

Ordinarily after a weekend that saw theater attendance soar, one might have expected that the stock of exhibitors would also follow suit. Such was not the case, however, with shares of several exhibitors tumbling in near free fall, presumably in reaction to last weekend’s theater shooting in Aurora, CO. Worst hit was Carmike Cinemas, whose […]

SHOULD YOU INVEST IN VIACOM?

Analysts appear divided over Viacom’s prospects. With its deal with DirecTV still unresolved, investors appeared to be taking a wait-and-see attitude toward the company. Shares in the company were down about 2.5 percent on the Nasdaq in light trading today (Tuesday). At TheStreet.com, analyst Rocco Pendola placed Viacom at the top of his list of […]

LIONS GATE ROARS ON WALL STREET

Shares in Lions Gate Entertainment continued to rise on the Nasdaq today (Wednesday), two days ahead of the opening of Hunger Games, which several analysts are predicting will top $100 million in its opening weekend and perhaps even set a new box-office record. (The current record is held by Harry Potter and the Deathly Hallows: […]

SHARES OF REAL-D AND IMAX PLUNGE

Following reports that moviegoers were eschewing 3D screenings of Puss in Boots and The Three Musketeers last weekend (only about half were willing to pay the 3D surcharge) and that they were likewise failing to pay premium prices for IMAX screenings, both RealD, the principal maker of 3D theater technology, and IMAX saw their shares […]

ANALYSTS SUSPECT NETFLIX SHARES WILL CONTINUE TO FALL

With some analysts saying that Netflix stock had entered bargain territory following its 36-percent nosedive on Tuesday, the price of the stock appeared to stabilize today (Wednesday), closing at $79.40, up 2.62 percent from Tuesday’s close at $77.37. But other analysts warned that even at that price, the stock was overpriced — particularly when the […]

ANOTHER INVESTORS GROUP CALLS FOR MURDOCH TO STEP DOWN

CalPERS, the nation’s largest public pension fund, is joining other large investors in News Corp that are calling for the ouster of Rupert Murdoch and his sons James and Lachlan from the company’s board of directors. CalPERS has questioned the Murdochs’ stewardship of the company following revelations that its now-defunct News of the World routinely […]