Netflix Falls More Than 7%

Shares of Netflix NFLX are under significant pressure on Thursday along with the broader U.S. stock market. At last check, NFLX had lost nearly 8% and was trading near session lows at $75.88. The move in the stock may be in sympathy with Green Mountain Coffee Roasters GMCR which is also a former high-flier which is now heavily shorted and plunging. On the day, GMCR has lost 49% after the company released its Q2 earnings results, missing revenue estimates, and provided terrible Q3 guidance. NFLX and GMCR are the most glaring examples of stocks that have soared to unimaginable heights only to crater back to Earth in dramatic fashion.