Netflix and 2 Stocks Annihilating the S&P 500
The S&P 500 (NYSE:SPY) is down today by 0.93% and stands at 1,242. Here are three notable and stocks that are experiencing large declines today.
Netflix (NASDAQ:NFLX): What a horrendous day for Netflix. The Q3 report reflected a company that has lost 2 million customers. Henry Blodget argues that Netflix is now cheap. Netflix is down a numbing 34.94%.
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AK Steel (NYSE:AKS): The Q3 report had revenues missing their target because of declining flat rolled shipments. AK Steel also punted when it came to making a Q4 projection, which has not helped matters. The stock is down 10.87%.
Marathon Petroleum (NYSE:MPC): Marathon is one of the hardest hit energy stocks. The entire sector has been clipped by the oil price climbing past $92. The stock is down 8.79%.
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