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Communications Services Up As Netflix Rallies -- Communications Services Roundup

12/09/2022 | 05:47pm EST

Communications services companies rose as traders rotated back into a sector hit hard by competition concerns.

Netflix shares rose sharply after analysts at brokerage Wells Fargo boosted their rating on the streaming service's shares.

Markus Dohle resigned as chief executive of Penguin Random House weeks after a federal judge blocked the book publisher's merger with rival Simon & Schuster.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

12-09-22 1746ET

Stocks mentioned in the article
ChangeLast1st jan.
NETFLIX, INC. -1.21% 361.48 Delayed Quote.24.08%
WELLS FARGO & COMPANY 0.21% 47.68 Delayed Quote.15.23%
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