3 Things That Made Netflix Stock Soar This Week

The past 18 months have been a roller-coaster ride for Netflix (NASDAQ: NFLX) investors. After topping all-time highs in mid-2018, slowing growth in its domestic market and an onslaught of new competition has hung over the streaming pioneer, pushing its stock down nearly 30% from last year's highs.

Netflix has been on fire over the past week, however, as investors have become increasingly optimistic about the company's growth prospects, even in the face of the growing competition. The stock has gained more than 11% over the previous five trading sessions, as investors digested a number of positive developments that show that while challenges remain, the sky isn't falling on Netflix.

Here are three things that have investors in the streaming giant increasingly bullish for the future.

Continue reading

Source Fool.com