Netflix Shares Continue Climb on U.K. Launch and Buyout Comments $NFLX

Netflix Shares Continue Climb on U.K. Launch and Buyout Comments

Shares of Netflix (NASDAQ:NFLX) have surged another 9 percent so far in trading today after news of a launch of their services in the United Kingdom and Ireland as well as comments about being a potential buyout target. Hedge fund manager Whitney Tilson told CNBC that he see Netflix as a potential acquisition target given their market capitalization of less than $5 billion after a disastrous share price plummet from in excess of $300 per share to nearly $60 per share in the 2011.

Shares of NFLX have been on a solid rebound since hitting $62.37 late in November 2011. With today’s advance, shares are back up over $86 each, representing an appreciation of roughly 38 percent in less than two months.

Technically speaking, the stock price has climbed back over top of the 50 day simple moving average and will be looking to challenge resistance around $94 before it can seek to fill an open gap to $103.13.

Netflix (NFLX) Stock Quote and News:

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Netflix Shares Continue Climb on U.K. Launch and Buyout Comments

Netflix (NFLX) Stock Quote and News:

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