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Why Netflix Stock Charged Higher Thursday Morning


Shares of (NASDAQ: NFLX) jumped on Thursday, surging as much as 8.6%. As of 11:23 a.m. ET, the stock was still up 7.9%.

The catalyst that drove the streaming pioneer higher was news that the company's ad-supported tier is showing promise, after a lackluster debut.

Netflix introduced its Basic with Ads plan -- the company's advertising supported tier -- six months ago. At the time, investors were concerned existing subscribers would trade down to the lower-priced plan, but that hasn't played out. When the company provided an update in a virtual meeting with advertisers, Netflix reported that its advertising business is finally gathering steam. The ad-supported tier has hit 5 million monthly active users, after reporting just 1 million in March.  

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Source Fool.com

Netflix Inc. Stock

€579.10
0.000%
The Netflix Inc. price is unchanged compared to yesterday.
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
As a result the target price of 608 € shows a slightly positive potential of 4.99% compared to the current price of 579.1 € for Netflix Inc..
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