Netflix Stock Has a Lot to Prove This Week
This is a big week for Netflix (NASDAQ: NFLX) investors. The world's leading premium video service reports financial results for the first quarter, and naturally there's a lot riding on the results.
Recent history has been kind. Netflix stock hit an all-time high the day after it posted its fourth-quarter numbers in January. The shares soared nearly 17% higher in a single day. The bad news is that was the last time that Netflix hit an all-time high. The stock enters this new trading week 9% away from the high-water mark it set three months ago. Netflix has a lot to prove, but thankfully it appears to be up for the challenge.
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Source Fool.com
