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Netflix Stock Headed Downstream After Critical Analyst's Report

Scott Van Voorhis

tumbled Friday after the release of a critical analyst's report that downgraded the stock, citing growing competition and management flux. Netflix's stock price dropped .85% to close Friday at $349.60, following a downgrade to neutral from buy by Buckingham Research Group. Netflix is vulnerable to a market pullback and faces a big increase in competition in the video streaming space as Walt Disney Co.