05.05.2020 NETFLIX Daily Analysis

05.05.2020 NETFLIX Daily Analysis

Netflix was one of the companies on Monday whose stocks rose. Netflix rose by 3.1% to close at 428.15. Being one of the few companies that have managed to fully recover from the massive coronavirus selloff, Netflix is doing a good job of maintaining its position at the high table. There has been a little bit of skepticism in regards to the Netflix stock because most investors are not sure whether the company will still be dominant after the crisis is over but at this point, it's pretty much clear that Netflix is not going down. As of the moment the company controls 10% of the viewership in the US and as it continues progressing abroad into much broader markets it's becoming bigger and better.