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Netflix stock shoots up 10% this week

Netflix future looking very bright as stock rises 10% this week, 20% over last month
By: Sean Ridgeley | Business, Financial & Legal News | Posted: Nov 18, 2015 9:27 pm

Netflix earnings were said to disappoint investors a little last month, but this month paints a prettier picture. In the past few days alone, its stock is up 10%, and since last month, 20%. For further perspective: it's up 140% this year, and is just 8% shy of the all-time best. The company finished its quarter with 69 million subscribers.

 

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CNN Money -- which advises you "bet against Netflix at your own peril" -- attributes the good numbers to international expansion, increased viewing on smartphones, additional investors, and yet more original content.

NEWS SOURCES:Money.cnn.com

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