The combined closing prices of FANG (Facebook NASDAQ: FB), Amazon.com Inc. AMZN, Netflix NFLX and Google GOOG are trading lower by $74.05 at $1579.76 as of 12.30 PM in Monday's session.
The issues in the acronym, made famous by CNBC's Jim Cramer, allowed the S&P 500 index to post a small loss for 2015 as opposed to being deeper in the red. As a result, many market pundits will closely following the price action in these issues to identify a shift in investors sentiment.
Of the four volatile issues, Netflix Inc. NFLX shares which are lower by $7 at $107.46, are leading the charge lower after a downgrade by Baird from Outperform to Neutral, lowering the price $128 to $115.
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