Netflix Inc. (NASDAQ:NFLX) traded at a new 52-week high today of $598.00. So far today approximately 964,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.
Netflix Inc. share prices have moved between a 52-week high of $598.00 and a 52-week low of $458.60 and are now trading 30% above that low price at $594.39 per share.
Netflix’s primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.
Netflix Inc. (NASDAQ:NFLX) is currently priced 39.5% above its average consensus analyst price target of $359.31.
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