Netflix Under Selling Pressure After Q1 Report

Netflix, Inc. NFLX shares are trading lower by $2.50 at $144.75 in Tuesday's session.

After Monday's close, the company reported a Q1 beat of $0.03 along with inline revenues.

After trading in the grade for much of the pre-market session, Netflix's stock has been under selling pressure off the opening bell. Following a flat open, it matched Monday's high ($147.32), reaching $147.40 and reversed course.

As of 9:40 a.m. EST, it has matched Monday's low ($144.43), reaching $144.44 and is attempting to rebound. If the decline continues, there may be limited support until Thursday's low of $142.76.