Netflix Dominates the Streaming Sector, Weekly Nielsen Streaming Ratings Show

Netflix Dominates the Streaming Sector, Weekly Nielsen Streaming Ratings Show

Netflix (NASDAQ:NFLX) continues to dominate streaming based on the latest nielson weekly streaming ratings for the last week of July, Netflix is ​​way ahead of the pack in terms of commanding attention, even though rivals are catching up on subscriber counts.

Netflix’s Virgin River topped the list of shows with 2.397 million minutes streamed, followed by Strange things with 1,835 million minutes and the gray man in third with 1.362 million minutes.

As important, Strange things it has now racked up over 44 billion minutes of streaming, making it the most-watched show in history and a show that helped fuel a slight recovery in stock price.

Overall transmission rating. Source: Nielsen

The original series sub-chart is similarly dominated by Netflix, with Amazon (NASDAQ: AMZN) and Hulu ranking only 6th and 10th on the list. A similar story continues in the list of movies where Disney (NYSE: DIS) sporadically breaks Netflix’s streak.

NFLX Chart and Analysis

In the last month, NFLX has been trading in the range of $220.88 to $251.99, with a negative long-term trend.

Meanwhile, the technical analysis shows the support line at $223.27 and a resistance line at $233.67. In the recent trading session, shares closed below the 20 and 50 day moving averages.

NFLX 20-50-200 SMA line chart. Font. Data from Finviz.com. see more stocks here.

TipRanks analysts rate NFLX stock a ‘hold’, seeing the average price over the next 12 months hit $229.61, 2.84% higher than the current trading price of $223.28. Additionally, 77% of all other stocks have outperformed NFLX in the past year.

Wall Street analysts’ price targets for NFLX. Source: TipRanks

risky game

As well as dominating streaming, Netflix has also been dominating the news, with rumors that it is considering pricing a $7 to $9 monthly plan that will include ads. The service will apparently target four minutes per hour of ads at first.

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Finally, the stock is down more than 60% YTD, and in a tough investment environment and increasingly stiff competition, market participants would be well advised to stay on the sidelines regarding NFLX. at least in the short term.

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Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. By investing, your capital is at risk.

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