Why Netflix Stock Was Soaring This Week
Netflix (NFLX 2.40%) was surging this week after the streaming stock dazzled investors in its fourth-quarter earnings report, posting strong subscriber growth and offering bullish guidance for the coming year.The report showed that Netflix had put earlier concerns about hitting a wall in subscription growth fully behind it. According to data from S&P Global Market Intelligence, the stock was up 14% from last week as of 2:30 p.m. ET on Thursday. Netflix shines in Q4Netflix left investors with little doubt th ...