Mix Stock In Focus: Netflix, Inc. (NASDAQ:NFLX), General Motors Company (NYSE:GM), Cree, Inc. (NASDAQ:CREE)

April 25, 2023 12:33 pm0 commentsViews: 57

Citigroup cut its its rating on shares of Netflix, Inc. (NASDAQ:NFLX) to “Neutral” from “Buy” and Societe Generale downgraded the stock to “Sell” from “Buy.” The activist investor Carl Icahn also declared that he has sold his remaining stake in Netflix. Netflix gapped open lower Thursday and fell during the first half hour of trade, before settling into a range. The stock closed down by 14.37 at $664.24 on above average volume. Netflix closed near the middle of a 2 1/2 week trading range at the highs of the year. Netflix, Inc. (NASDAQ:NFLX) has the market capitalization of 39.99 Billion. Shares of firm moved down -2.12% to close at $664.24 with the total traded volume of 5.94 Million. The firm has current ratio of 1.80 for the most recent quarter.

Goldman Sachs cut its rating on shares of General Motors Company (NYSE:GM)  to “Neutral” from “Buy.” The stock has slipped to a 1-week low and has fallen below its 50-day moving average. General Motors Company (NYSE:GM) begun last trade with a price of $34.70 and throughout the trading session climbed at a high of $34.82. The day-trade ended with -1.31% to $34.70. The stock is going forward to its 52 week low with 23.74% and lagging behind from its 52 week high price with -10.08%. GM last month stock price volatility remained 1.48%.

Cree, Inc. (NASDAQ:CREE) released that its BOD has permitted a restructuring of the LED Products business and a $500M stock repurchase approval. The firm now predicts to report Q4 revenues of around $375M, which comprises a $27 million revenue reserve. Analysts are expecting revenues of $430.82 million. Cree gapped open sharply lower Thursday and slipped further in early trade, before settling into a range. Cree, Inc. (NASDAQ:CREE) stock price closed at $27.51 with the total traded volume of 10.34 Million shares. Its price to sales ratio ended at 1.78. Its market capitalization is 2.96 Billion.


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