x

Abu Dhabi, UAEThursday 20 September 2018

Netflix shares rise past $300 ignoring market volatility

Stocks of the company continue to rally despite the lack of any big news

Netflix shares have rallied past $300 in a tumultuous week for the US markets. John Macdougall / AFP
Netflix shares have rallied past $300 in a tumultuous week for the US markets. John Macdougall / AFP

Trade wars? Higher interest rates? It doesn’t matter to Netflix.

In a week that saw volatility spike and the Dow Jones Industrial Average shed 1,100 points over three days, Netflix continued to rally despite the lack of any big news.

_______________

Read more:

Netflix documentary series Rotten exposes fraud and corruption in today’s global food industry

_______________

The shares quietly rose more than 5 per cent on the week, closing at yet another record.

Netflix has now added more than $47 billion in market value this year on the way to an S&P 500-leading gain of 57 per cent. That’s more than the market capitalisations of CBS Corporation and Viacom combined.

RELATED ARTICLES
Recommended