Netflix Down 4% (NFLX)

Netflix NFLX announced yesterday that its CFO was resigning to seek outside opportunities. This revelation is putting pressure on the shares during Wednesday's trading session. NFLX is hitting new intra-day lows, and is currently trading at down 4.09% to $181.92. Volume has been heavier than normal. A lot of traders are betting against this stock after it has run more than 230% year-to-date. The shares are well off of their highs above $200 and was downgraded at Jefferies. Continue to watch this name closely, as downside momentum could continue to gather.