Netflix has been somewhat immune to the crisis with its shares rising 2.79% to $512.20 at 11:10 EST on Monday, following yesterday’s upward trend. The Nasdaq Stock Market is rising 0.45% to $12,520.60, after two sequential sessions in a row of gains, on what at the moment seems, a somewhat positive trend exchanging session today.
Netflix’s last close was $498.31, 12.33% below its 52-week high of $575.37.
Netflix’s sales growth is 20.6% for the ongoing quarter and 21% for the next. The company’s growth estimates for the ongoing quarter and the next is 6.2% and 32.5%, respectively.
Year-on-year quarterly revenue growth grew by 22.7%, now sitting on 23.82B for the twelve trailing months.
Netflix’s Stock Top and Bottom Yearly Value
Netflix’s stock is valued at $512.20 at 11:10 EST, way below its 52-week high of $575.37 and way higher than its 52-week low of $290.25.
Netflix’s Moving Average
Netflix’s value is higher than its 50-day moving average of $491.61 and higher than its 200-day moving average of $486.44.
Previous days news about Netflix
Activision blizzard sues Netflix for allegedly poaching its former finance chief. According to The Wall Street Journal on Fri Dec 4, “Activision Blizzard Inc. is suing Netflix Inc. for allegedly poaching its former finance chief and causing competitive harm, citing a pattern of behavior by the streaming giant.”