Bullish investors pushed up Netflix stock to close Wednesday at an all-time high of $586.34 per share, up 16.9% for the day. caps of Comcast and Verizon.
LOS ANGELES: Netflix shares saw their biggest single-day gain in more than four years the day after the streamer reported strong Q4 subscriber growth that topped Wall Street expectations. The company also said it was "very close" to achieving sustainable positive free cash flow and that it was contemplating stock buybacks.
Bullish investors pushed up Netflix stock to close Wednesday at an all-time high of $586.34 per share, up 16.9% for the day. Shares hit a new intraday record of $593.29 per share. Netflix's market capitalization currently is $259 billion, as the stock surge pushed it higher than the market caps of Comcast and Verizon.
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