Netflix, Inc. NFLX shares are trading higher by $2.70 at $121.49 in Wednesday's session. That is on top of its $19 rally on Tuesday off its Q3 beat, rallying from Monday's close of $99.80 to $118.79.
Following a modestly lower open, it retreated only $0.25 to $118.00 before resuming its furious rally from Tuesday.
Once the issue cleared Tuesday's high ($119.82), the pace of the rally accelerated. The ensuing rally has taken the issue to $122.26 before falling back into the mid $121 handle.
That high marked a new one for 2016 by only $0.08 as the former high was made on January 7 at $122.18.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
