Netflix (NFLX) leaps on Q1 results

Netflix, Inc.

gained 14.3% to $543.51 after the company reported strong results for the first quarter. During the quarter, the company added 4.9 million streaming subscribers. FBR Capital upgraded Netflix from market perform to outperform and raised the price target from $400.00 to $900.00. Share volume totaled 7.1 million, nearly triple its all-day average