Netflix Plunges, Micron Rises, Sweetgreen Mixed on Parasite Outbreak Tied to Produce
On this episode of Stock Movers:- Netflix (NFLX) shares fell after the company forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations.- Micron (MU) shares rise. The flush out of chip stocks is letting up, with the Philadelphia Stock Exchange Semiconductor index at session highs, trimming declines to less than 2%. The bearish case on the sector is missing the…
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