Shares of Netflix, Inc. (NASDAQ:NFLX) were showing increased selling
pressure in After Hours on Tuesday following a 1.90% fall in the regular session.
The stock slid 2.70% to $184.70 in extended hours on news that the company’s
CFO Barry McCarthy has resigned from the company w.e.f This Friday.
Mr. McCarthy has expressed a desire to pursue broader executive
opportunities outside the Company. The company has appointed finance veteran
David Wells will succeed McCarthy effective December 10.
Shares of NFLX has given very impressive returns to its
shareholders as the stock has climbed over 244% so far this year. Last week,
the stock made an all time high of $209.40.
Netflix, Inc. is a subscription service streaming movies and
television episodes over the Internet and sending digital versatile discs
(DVDs) by mail to more than 12 million subscribers.
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