Yahoo Finance is tracking Netflix, Amazon and Chipotle in intraday trading on Friday.
Netflix (NFLX) – The online streaming giant is making a change to its ratings system. Netflix announced that it is ditching its standard five-star rating in favor of a thumbs up or thumbs down option in the coming weeks. The change comes as Netflix shares have been gaining momentum. The stock is trading just shy of its all-time high of $146.50 per share it hit Thursday. It’s up 17% since January and more than 45% in the past year. Netflix also received a bullish call on Wall Street this week. Bernstein initiated coverage on the stock with an outperform rating, noting, “If Jesus were a stock, he’d be Netflix.”
Amazon (AMZN) – Pacific Crest is lowering its expectations for AWS, the company’s cloud division, as it faces greater competition in the space from rival Google. The firm maintained its overweight rating on the stock but cut its price target to $895 per share from $905. On Thursday, Amazon brought Alexa to another major platform, making it available to Apple (AAPL) iPhone users via its app.
Chipotle (CMG) – The restaurant chain, which is still trying to win back lost customers after a 2015 E. coli outbreak, has announced that a third of its board’s members will not stand for re-election at its upcoming shareholder meeting on May 25. The board members who are on their way out are John Charlesworth, Patrick Flynn, Darlene Friedman and Stephen Gillett.
For more on today’s big stock movers, check out the Final Round, live at 4 p.m. EDT, right here on Yahoo Finance.