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07.05.2020 NETFLIX Daily Analysis

Netflix stock rose on Wednesday to trade at $437.24 and to close at $434.26 by the end of the closing session. So how is Netflix holding up so well when

Yazar: editor_1

Yayınlanma: 7 Mayıs 2020 19:57

Güncellenme: 14 Kasım 2024 20:55

07.05.2020 NETFLIX Daily Analysis

Netflix stock rose on Wednesday to trade at $437.24 and to close at $434.26 by the end of the closing session. So how is Netflix holding up so well when parts of the economy are being reopened globally and people are heading back to work? According to the ensemble investment firm, it could be because Netflix has gotten exposure to the broader market and more and more people, especially in the US are canceling their TV subscriptions because they are much more expensive as compared to the $13 subscription for Netflix. Also, Netflix has announced that it would spend almost $100 million in support of its creative partners as a result of the effect of the covıd-19 pandemi.
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