Netflix, Inc. (NASDAQ: NFLX)
Netflix is having a strong day in the market today, and it seems as though the day is getting stronger with recent spikes. After a quick search through the web, we believe that we’ve found the reason. Today, we’ll talk about what we’re seeing from the stock, why it’s gaining, and what we can expect to see from NFLX ahead.
What We’re Seeing From NFLX
As mentioned above, Netflix was off to a relatively strong start to the day already. However, minutes ago, the stock started to spike higher. At the moment (11:36), NFLX is trading at $1.94 per share after a gain of 1.53% thus far today.
Why Is The Stock Gaining
When we noticed that NFLX was spiking, the CNA Finance team did some digging to see if we could dig up any news. While the company hasn’t released anything fundamental that would lead to such strong gains, we believe we’ve found the culprit.
On social media, we’re seeing quite a bit of chatter surrounding a possible takeover. At the moment, this chatter is overwhelmingly vague. There is no news as to who might be the buyer, how much they’re willing to pay, or anything else. All we’re seeing is excitement surrounding the concept of a Netflix takeover.
Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from NFLX, regardless of the takeover. Don’t get me wrong, if a takeover happens, it will be great. Not to mention, there are plenty of companies like Disney, Amazon, and others that would benefit from such a move.
However, my view on NFLX goes far beyond that. The company is seeing stronger than expected user growth, and that’s always a good thing. With recent moves the company has made, I’m expecting for this to continue. Therefore, I’m expecting to see gains on Netflix ahead!
Update – The acquisition rumors are getting deeper. According to updates, Disney is the buyer and the price is $145 per share. Rumor yet to be confirmed.
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