Netflix, Inc. NFLX shares are trading lower by $1.30 at $131.59 in Wednesday's session.
On Tuesday, the issue made a new all-time high at $135.40, but backed off to end the session at $132.89, which was nearly $1 shy of its all-time closing high made last Friday at $133.70.
Off the open, the issue found resistance just ahead of that level at $133.59 and began to decline. The ensuing decline breached Tuesday's low ($132.09), but found support ahead of Friday's low ($130.58). Since making that low, it has been struggling to remain in the $132.00 handle.
The company will report Q4 results after the bell. Street estimates are for EPS of $0.13 on revenues of $2.47 billion.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
