Netflix Shares Tank After Buyout Rumors Refuted

Netflix (NASDAQ:NFLX) loses strong premarket gains following a tweet by CNBC’s David Faber saying that according to his sources there has been no discussion at Verizon (NYSE:VZ) about buying Netflix. And no one can confirm any real interest from Amazon (NASDAQ:AMZN).

At least Netflix forges ahead with heavy investment in the creation of original programming. The online video provider is in the final stages of an agreement for a 13-episode horror series titled “Hemlock Grove,” Deadline.com reports. The deal follows a November attempt to bring back “Arrested Development,” and a March agreement for a David Fincher series called “House of Cards.”

Here’s how shares of Netflix are trading now:

Netflix, Inc. (NASDAQ:NFLX): NFLX shares recently traded at $73.17, down $2.09, or 2.78%. They have traded in a 52-week range of $90.00 to $254.98. Volume today was 8,618,942 shares versus a 3-month average volume of 5,823,330 shares. The company’s trailing P/E is 16.63, while trailing earnings are $4.40 per share. Get the most recent company news and stock data here >>

Verizon Communications Inc. (NYSE:VZ): VZ shares recently traded at $38.40, up $0.05, or 0.13%. They have traded in a 52-week range of $32.28 to $38.95. Volume today was 7,436,242 shares versus a 3-month average volume of 15,533,600 shares. The company’s trailing P/E is 15.44, while trailing earnings are $2.49 per share. Get the most recent company news and stock data here >>

Amazon.com Inc. (NASDAQ:AMZN): AMZN shares recently traded at $181.24, down $8.28, or 4.37%. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 6,890,075 shares versus a 3-month average volume of 7,037,060 shares. The company’s trailing P/E is 95.54, while trailing earnings are $1.90 per share. Get the most recent company news and stock data here >>