Netflix (NFLX) Sees Continued Selling Pressure

February 22, 2012 9:45 AM EST
Netflix, Inc. (Nasdaq: NFLX) continues to see heavy selling pressure early Wednesday on increased competition worries. Shares are down 4.6 percent to $112.05 in early action.

Mid-day Tuesday, shares were hit after Comcast announced a similar service. The selling has not let up since.

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