Netflix Stock Price Rally: ‘The End Is Near’
Netflix stock price rally has come to an end, and the streaming company’s stock is now trading at $57.97.
The company’s price is higher than the $57 it was trading on Thursday, but still not as high as Amazon’s $60.00 price target.
Netflix stock rose by 9.3% in the three days ending Friday, with the company posting its best month in nearly a decade.
Netflix was up more than 7% in 2016.
Netflix has long been one of the most valuable companies in the entertainment industry, and it has made a lot of money on the service since its launch.
Its streaming service now has nearly 2 billion users, and more than 1.5 billion of those users are watching movies and TV shows on Netflix.