• Netflix (NFLX) Surges on Bullish Momentum and Strategic Moves in AI

  • Nov 8 2024
  • Length: 2 mins
  • Podcast

Netflix (NFLX) Surges on Bullish Momentum and Strategic Moves in AI

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  • Summary

  • **Netflix (NFLX) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - Current price: $792.37.
    - Recent trading range: High of $795.22 and low of $780.15.

    2. **Pre-market and After-hours Movement:**
    - No specific pre-market and after-hours data provided in the sources.

    3. **Trading Volume vs Average:**
    - No specific trading volume data provided in the sources.

    4. **Recent News or Announcements:**
    - Netflix will delist nearly all of its interactive shows and films.
    - Netflix’s Mike Verdu announces new role as VP of GenAI for Games.
    - Netflix and Universal Filmed Entertainment expand U.S. licensing deal.

    5. **Major Analyst Updates or Price Target Changes:**
    - Analyst consensus: Moderate Buy with an average price target of $786.34, indicating a 4.20% upside.

    6. **Options Flow Activity:**
    - No specific options flow activity data provided in the sources.

    7. **Related Semiconductor/AI Sector News:**
    - No direct semiconductor/AI sector news affecting Netflix in the provided sources.

    8. **Key Technical Indicators for Day Trading:**
    - 52 Week High: $795.22, 52 Week Low: $434.35.
    - Beta: -0.21.
    - TTM EPS: $17.67, TTM PE: 43.23.
    - SMA: Positive 20 days / 200 days.
    - Momentum: 83.50% over 12 months.

    **Market Sentiment:**
    - Blogger sentiment: Bullish, 85%.
    - News sentiment: Very Bullish, 91%.
    - Crowd wisdom: Very Positive, with a 0.3% increase in the last 7 days and a 4.0% increase in the last 30 days.

    Overall, Netflix's stock shows a strong bullish trend, supported by recent earnings performance and analyst consensus. The expansion of licensing deals and strategic moves in AI for gaming also contribute to positive sentiment. Key technical indicators suggest continued upward momentum.
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