Scalper1 News
Netflix stock surged to a record high Friday on reports that the subscription Internet television service is negotiating with partners to launch in China. Netflix (NFLX) jumped 4.5% to close at 613.25. Intraday its shares notched an all-time high of 618.44. Year to date, Netflix stock is up 67%. In just the past four weeks, it has climbed 29%. Netflix is in talks with several Chinese online broadcast firms to enter China through a partnership, according to reports by Bloomberg and the Wall Street Journal. Netflix has spoken with Shanghai-based BesTV New Media and Wasu Media, which is partially owned by Alibaba (BABA) founder Jack Ma. Scalper1 News
Scalper1 News