Netflix Shares Rise After Seinfeld Announcement and Chewy Shares Tank After Q2 Earnings Disappoint 📺

Netflix Shares Rise After Seinfeld Announcement  and Chewy Shares Tank After Q2 Earnings Disappoint

Netflix

On Tuesday, shares of Netflix jumped, closing up 2.26%.

Shares of the American media company rose after the company announced the popular comedy series “Seinfeld” would come to its streaming platform.

Starting October 1, all 180 episodes of “Seinfeld,” one of the most successful TV sitcoms of the 1990s, will be accessible on Netflix.

In 2019, Netflix purchased the international rights to “Seinfeld,” which allowed the show to be shown on Hulu until 2021. The agreement was estimated to be valued at more than $500 million at the time, and it beat out proposals from rival streaming services as they rushed to sign up popular programming and new customers.

Shares of Netflix are up over 16% in the past three months.

Chewy

On Tuesday, shares of Chewy closed down 0.78% in the regular session before plunging over 8% in after-hours.

Shares of the online pet retailer plunged after the company announced a disappointing Q2 earnings report.

The company lost $0.04 per share vs a loss of $0.02 per share as expected by analysts. Revenue grew roughly 27% year over year to $2.16 billion vs revenue of $2.20 billion as expected by analysts.

Chewy’s third-quarter revenue forecast of $2.20 billion to $2.22 billion fell short of analysts’ expectations as well. Analysts predicted $2.23 billion in third-quarter revenue.

Shares of Chewy are up nearly 13% in the past three months.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.