Friday, September 16, 2011

Netflix (NFLX) (RIMM) (NDN) Big Movers Today

Among the biggest market movers today are Netflix (NASDAQ:NFLX), Research in Motion (NASDAQ:RIMM) and 99 Cents Only Stores (NYSE:NDN)

On the positive side, 99 Cents Only Stores (NDN) is up by 10 percent, based on the New York Post reported Apollo Global Management LLC is poised to make an offer of $22 to $24 a share on the company. The company was trading at $20.57, gaining $1.87, or 10.00 percent, as of 11:04 AM EDT.

Among the worst performers was Research in Motion (RIMM), which underperformed in the latest quarter and provided a dismal outlook against an already downwardly revised one. RIM was trading at $24.36, falling $5.18, or 17.52.

Netflix was getting punished as the number of subscribers the company is projected to lose exceeded projections. Netflix was trading at $160.76, down $8.49, or 5.02 percent.

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