Netflix ( (NFLX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Netflix’s recent 10-for-1 stock split has made its shares more accessible to smaller investors, generating renewed interest. Investor Daniel Sparks points to the company’s strong momentum driven by price hikes, membership growth, and a rapidly expanding advertising business. Despite fierce competition in the streaming sector, Sparks believes Netflix’s market leadership and improving operating margins make its valuation appealing.
More about Netflix
YTD Price Performance: 25.42%
Average Trading Volume: 3,583,446
Technical Sentiment Signal: Buy
Current Market Cap: $471.3B
For further insights into NFLX stock on TipRanks’ Stock Analysis page.
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