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Published on 07-25-2012 03:36 PM
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More Netflix woes!
"In midday trading, the stock was off as much as 25 percent to a fresh, 52-week low.
Netflix shares are under assault Wednesday by investors and analysts alike, with shares falling $21 in midday trading to less than the stock’s 52-week low of $60.70. Less than a year ago, the stock was at $285 a share. In midday trading, the stock was off as much as 25 percent to a fresh, 52-week low.
Even HBO wasn’t being hospitable to Netflix on Wednesday by brushing aside an olive branch extended by Netflix CEO Reed Hastings, who has been trying unsuccessfully to license HBO shows.
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