Netflix Inc. On The Rebound

Netflix Inc.

shares are trading higher by $2.46 at $94.95 in Monday's session. There is no significant fundamental news to account for the rally, It has traded higher in the five of the last seven trading sessions since it bottomed on May 12 at $85.72 and rebounded to the end the session at $87.74. It has climbed into $95 handle. so far reaching $95.29 before returning to the $95 area. That marks the first time above $95, since April 25 when it peaked at $95.75.