Strength Seen in Netflix, Inc. (NFLX): Stock Up 16.5%

Updated on

Netflix, Inc. (NASDAQ:NFLX) was a big mover last session, as the company saw its shares rise by over 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the volatile price range of $378.39 to $328.71 in the past one-month time frame.

The company has seen one positive and one negative estimate revision in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Netflix currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Some other Internet commerce stocks worth considering include Autobytel Inc. (ABTL), Inc.(AMZN) and Geeknet, Inc. (GKNT). While Autobytel sports a Zacks Rank #1 (Strong Buy), Amazon and Geeknet have the same Zacks Rank as Netflix.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

AUTOBYTEL INC (ABTL): Free Stock Analysis Report

AMAZON.COM INC (AMZN): Free Stock Analysis Report

GEEKNET INC (GKNT): Free Stock Analysis Report

NETFLIX INC (NFLX): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

Leave a Comment