Media and Entertainment Stocks Plunge in Market Sell Off

American lawmakers failed to reach an agreement on a plan to cut the federal deficit, as Monday’s U.S. market selloff pushed a number of media and entertainment stocks to 52-week lows. Shares in Sony Corp. (NYSE:SNE), Time Warner Cable Inc. (NYSE:TWC) and Netflix Inc. (NASDAQ:NFLX) are down amid the U.S. market selloff.

Here’s how these stocks are trading:

  • Sony Corporation (NYSE:SNE): SNE shares recently traded at $16.28, down $0.63, or 3.73%. Its market capitalization is $16.34 billion. They have traded in a 52-week range of $16.16 to $36.97. Volume today was 956,657 shares versus a 3-month average volume of 1,237,940 shares. The company’s trailing earnings are $-4.65 per share. About the company: SONY CORPORATION manufactures audio, home video game consoles, communications, key device and information technology products for the consumer and professional markets. The Company’s other businesses include music, pictures, computer entertainment, and online businesses. Get the most recent company news and stock data here >>
  • Time Warner Cable Inc. (NYSE:TWC): TWC shares recently traded at $59.77, down $0.66, or 1.09%. Its market capitalization is $19.07 billion. They have traded in a 52-week range of $59.38 to $80.86. Volume today was 2,087,015 shares versus a 3-month average volume of 2,686,170 shares. The company’s trailing P/E is 13.80, while trailing earnings are $4.33 per share. The company pays a dividend of $1.92 per share for a dividend yield of 3.20%. About the company: Time Warner Cable Inc. offers cable television subscription services. The Company also offers Internet access and voice over Internet protocol telephone services. Get the most recent company news and stock data here >>
  • Netflix, Inc. (NASDAQ:NFLX): NFLX shares recently traded at $74.47, down $3.59, or 4.6%. Its market capitalization is $3.91 billion. They have traded in a 52-week range of $73.26 to $304.79. Volume today was 5,686,023 shares versus a 3-month average volume of 9,302,090 shares. The company’s trailing P/E is 16.93, while trailing earnings are $4.40 per share. About the company: Netflix Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations. Get the most recent company news and stock data here >>

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