Shares of Netflix Inc. (NASDAQ:NFLX) traded at a new 52-week high today of $700.55. Approximately 964,000 shares have changed hands today, as compared to an average 30-day volume of 4 million shares.
Netflix Inc. (NASDAQ:NFLX) is currently priced 46.0% above its average consensus analyst price target of $372.71.
In the past 52 weeks, shares of Netflix Inc. have traded between a low of $475.84 and a high of $700.55 and is now at $690.33, which is 45% above that low price.
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.
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