Shares of Netflix Inc. Exceed 52-Week High

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Netflix Inc. NFLX traded today at a new 52-week high of $619.01. Approximately 964,000 shares have changed hands today, as compared to an average 30-day volume of 3.5 million shares.

In the past 52 weeks, shares of Netflix Inc. have traded between a low of $463.41 and a high of $619.01 and are now at $612.75, which is 32% above that low price.

Netflix Inc. is currently priced 39.9% above its average consensus analyst price target of $368.44.

Netflix’s primary business is a streaming video-on-demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV AAPL, Roku ROKU, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.

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he preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.