Why Netflix Stock Rose 40% in the First Half of 2020
Shares of Netflix (NASDAQ: NFLX) climbed 40.6% through the first six months of the year, according to data provided by S&P Global Market Intelligence. The shares initially fell along with the broader market but then shot higher, as investors started to weigh the benefits for digital entertainment providers during the COVID-19 outbreak.
Netflix reported a huge spike in new subscribers in the first quarter, and despite management's caution that the next few quarters may not be quite as good, investors clearly see this environment as a step change for digital entertainment.
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Source Fool.com