Shares of many streaming-related companies were dragged down after market leader Netflix Inc (NASDAQ: NFLX) reported April 19 a loss in quarterly subscribers for the first time in over 10 years.
A legendary action movie actor is headed to the small screen with a mobster-styled show that could boost the profile of one of the smaller streaming platforms.
Dubbed the “most important gathering of movie theater owners from around the world,” the annual CinemaCon event is a chance for movie companies to show off trailers and footage from their upcoming blockbusters.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
While several analysts are moving to the sidelines or downgrading shares of streaming giant Netflix Inc (NASDAQ: NFLX) after the company’s first-quarter earnings report, this analyst is upgrading shares.
Several notable names in the streaming and entertainment sector, including Paramount Global (NASDAQ: PARA) (NASDAQ: PARAA) (NASDAQ: PARAP), are trading lower in s
Gainers
Golden Matrix Group (NASDAQ:GMGI) shares rose 7.9% to $5.6 during Tuesday's after-market session. The market value of their outstanding shares is at $157.4 million.