Movers roundup: Netflix, Amazon

Movers roundup: Netflix shares rise on deal; Amazon shares jump on upgrade

Associated Press

Among the stock activity stories for Monday, Jan. 7, from AP Business News:

— Netflix Inc.'s stock price surpassed $100 for the first time in more than eight months after the video subscription service announced that its Internet streaming library will be adding the old episodes of at least eight more television series.

— Shares of Amazon.com Inc., the online retailer, hit their highest level ever thanks to an upgrade from Morgan Stanley.

— Shares of Electronic Arts Inc. took a hit after Sterne Agee analyst Arvind Bhatia downgraded the video-game publisher citing concerns that it won't meet Wall Street's revenue expectations for its fiscal year 2013, which ends in March.

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