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Netflix (NFLX) Looks Good: Stock Adds 5.4% in Session

Zacks

Netflix, Inc. NFLX was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $176.42 to $188.78 in the past one-month time frame.

The move came after the company increases the price of its U.S. video streaming plan by 10%.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Netflix currently has a Zacks Rank #2 (Buy), while its Earnings ESP is negative.

Netflix, Inc. Price

Netflix, Inc. Price | Netflix, Inc. Quote


Another stock worth considering in the Broadcast Radio and Television industry is Nexstar Media Group, Inc. NXST, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NFLX going up? Or down? Predict to see what others think: Up or Down

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