Netflix (NFLX) Shares Sink as WSJ Says Comcast (CMCSA) to Launch Competitor

February 21, 2012 12:46 PM EST
Shares of Netflix (Nasdaq: NFLX) are dipping sharply in mid-day action Tuesday as the WSJ is reporting Comcast (Nasdaq: CMCSA) will be launching a competitor to Netflix.

Netflix shares last traded at $122.24, up 0.3 percent from Friday's close. The stock had been up to as high as $126.15 early this morning.


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