Netflix shares are down about 5% today, following a downgrade of the stock by Morgan Stanley analyst Scott Devitt.
Devitt downgraded the stock because Netflix rivals like Amazon Instant and Hulu are beefing up their own original content. He also argues that Hulu has better television show programs than Netflix and is able to get on more devices faster.
Here's a look at the Netflix stock today:
Image may be NSFW.
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