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Coronavirus Netflix record 2020 shootings

Netflix Stock Shoots Up 11.6% to New All-Time High on Optimism for Growth

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variety.com
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Todd Spangler NY Digital EditorInvestors mounted a new rally behind Netflix, with shares of the streamer jumping 11.6% on Wednesday, to close at an all-time record $547.53 per share.The new high-water mark gives Netflix a market capitalization of more than $241 billion, buoyed by renewed optimism in the company’s ability to hold on to its huge subscriber gains in the first half of 2020 from COVID stay-at-home orders.Netflix added nearly 25.9 million net new subscribers worldwide in the first six months of the year, citing the coronavirus pandemic as providing unexpected tailwinds.

While the company told investors it expects a slower growth in the back half of 2020, some investors are expecting the COVID bump to continue.

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Coronavirus Netflix record 2020 shootings
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