Netflix delivered better-than-expected subscriber growth and profit for the June quarter, sending its shares into record-high territory late Wednesday. Netflix (NFLX) stock, which split 7-for-1 late Tuesday, jumped 10.8% in after-hours trading Wednesday. During the regular session, Netflix fell 2.4% to 97.98. Shares hit a split-adjusted peak of 102.34 on Monday. For the second quarter, Netflix earned 6 cents a share, down from 16
Mobileye (MBLY) is eyeing a new high. The Israeli maker of video-based driver assistance systems climbed in above-average volume in the stock market today, hitting an intraday high of 60. That puts the stock just pennies below its all-time high of 60.28, reached last October. Shares are now in profit-taking territory, which means that the stock is more than 20% extended past a 48.88 buy point from a cup-with-handle base, which it initially cleared
Amazon.com (AMZN) received a gift on its Prime Day sales event Wednesday in the form of a stock price hike from investment bank Nomura. Nomura analyst Robert Drbul raised his price on Amazon stock to 500 from 490. Amazon stock fell 0.9% to 461.19 on the stock market today . Amazon stock is up 49% this year, however, and hit an all-time high of 469.60 on Tuesday. Amazon stock carries a high IBD Relative Strength Rating of 94. “We believe that