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Netflix Inc. (NFLX) Dropped To A 1-Month Low Following Downgrade

Stifel Nicolaus downgraded its rating on shares of Netflix Inc. (NFLX) Tuesday morning to "Hold" from "Buy."

Netflix gapped open sharply lower Tuesday, but traded in a range for the majority of the session. The stock closed down by 7.48 at $348.99 on above average volume. Netflix fell to over a 1-month low.

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