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What s Up With Netflix?

Posted on May 16, 2008

What s up with Netflix (NFLX) today? The stock is up $1.26, or 4.2%, to $31.19. Just why the stock is rallying is not entirely clear. But here s what we do know. Over at TheFlyOnTheWall.com, they reported earlier that the stock was higher on renewed takeover chatter. Or maybe it has something to do with the solid earnings yesterday from Blockbuster (BBI), although just how their results reflect on the prospects for Netflix is not entirely clear. I d also note that the stock had been weak yesterday after negative comments from Needham analyst Charlie Wolf.If you have a theory, pass ...

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analyst , earnings