Early Hour Notable Stock Movers (NFLX, JWN, NVDA, QTM)

Netflix, Inc. (Public, NASDAQ:NFLX) dropped 6.25 to $103.15. The online movie-rental company’s shares were cut to “hold” from “buy” at Citigroup Inc. and cut to “neutral” from “buy” at Merriman Curhan Ford & Co.

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Nordstrom, Inc. (Public, NYSE:JWN) lost 2.71% to $40.17. The U.S. department-store chain with more than 100 namesake locations reported first-quarter profit that missed analysts’ estimates on higher sales commissions and store-opening costs.

NVIDIA Corporation (Public, NASDAQ:NVDA) fell 9% to $13.35. The second-largest maker of graphics chips predicted sales will drop as low as about $950 million from last quarter’s $1 billion. Analysts had predicted sales of $991 million, on average, according to a Bloomberg survey.

Quantum Corporation (Public, NYSE:QTM) declined 3.89% to $2.72 The San Jose, California-based maker of backup and archival programs for computers reported sales of $164 million in the fiscal fourth quarter, missing the $170 million estimated by Morgan Keegan & Co.

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