Netflix (NFLX -5.3%) is selling off for the second straight day - shares are now down over 9% since the company announced it would nix Qwikster. Hudson Square Research is upgrading Netflix today, but Pacific Crest is slashing its estimates, believing the video provider is suffering from "brand damage."
Netflix is currently down 5.16 to 106.50
I think the selling is a bit overdone.
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