NEW YORK - Just as in biblical times, the small jug of oil managed to burn the candle for eight nights, Netflix stock has miraculously surged. The stock hit a new 52 week hight of $188.70.
The last time Netflix soared was when Blockbuster announced it was filing for bankruptcy on September 23. Today Netflix rallied on announcements that the company is now a "streaming" company something that everybody knew, and they would be hiking rates. Apparently this sent shivers of joy down investors backs.
To read our full Netflix report click here
No comments:
Post a Comment