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Stocks on the Move: Netflix on shake-up in senior ranks; Stitch Fix on Deutsche Bank “buy” rating

Yahoo Finance's On the Move team discuss today's Stocks on the Move: Netflix and Stitch Fix.

Video Transcript

[MUSIC PLAYING]

JULIE HYMAN: You're watching "On the Move" on Yahoo Finance. I just want to bring you a couple of movers here as we watch stocks overall rebound. Netflix shares are rebounding, but not by much. They're up about a half a percent, as the company announced some management changes that are relatively significant here. Bela Bajaria has been put in charge of global television.

That means that Cindy Holland is leaving the company. She was overlooked. She is a 20-year veteran of Netflix. And she was one of the original architects of its original content strategy. Again, she is leaving the company and Bajaria will be new head of television there.

We are also watching Stitch Fix. Those shares are higher by about 7%. They got a new initiation over at Deutsche Bank and they're rated buy-- shares of Stitch Fix, that is. The analysts there call Stitch Fix one of the biggest possible beneficiaries of lockdowns and accelerated store closures. Stitch Fix is an online clothing styling service. We'll be right back.