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Movers roundup: Netflix, Amazon
(Associated Press Via Acquire Media NewsEdge) Among the stock activity stories for Monday, Jan. 7, from AP Business News:
_ Netflix Inc.'s stock price surpassed $100 for the first time in more than eight months after the video subscription service announced that its Internet streaming library will be adding the old episodes of at least eight more television series.
_ Shares of Amazon.com Inc., the online retailer, hit their highest level ever thanks to an upgrade from Morgan Stanley.
_ Shares of Electronic Arts Inc. took a hit after Sterne Agee analyst Arvind Bhatia downgraded the video-game publisher citing concerns that it won't meet Wall Street's revenue expectations for its fiscal year 2013, which ends in March.
(c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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