Shares of Netflix Inc. (NASDAQ: NFLX) saw a huge
rally in trading on Thursday after the Los Gatos, California-based company
announced its fourth-quarter financial results. Netflix’s streaming customers
grew more than forecast to 21.67 million in the fourth quarter. ‘
Netflix shares rose to an intra-day high of $119.37
on Thursday before ending the day 22.06% higher at $116.01 on above average
volume. The rally has pushed Netflix shares above their 50-day moving average.
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