Tag Archives: nflx

Netflix Stock Reverses From High As Carl Icahn Bails

Netflix (NFLX) shares leaped to a record high on Wednesday, a day after the subscription Internet television service announced a 7-for-1 stock split, but shares closed lower as Carl Icahn got out. Netflix stock rose as much as 3.7% to 706.24 on the stock market today, beating its previous all-time high of 692.79 from June 10. But shares closed down 0.4% to 678.61. Even before news of the split, Netflix had been getting bullish reports of late.

Apple gets a Carl Icahn bounce, other upbeat reports

Apple (AAPL) stock rose Wednesday after the consumer electronics company received two upbeat analyst reports and an endorsement from billionaire investor Carl Icahn. Shares were up 1.5%, near 129, in afternoon trading on the stock market today. Activist investor Icahn said in a Twitter post Wednesday that Apple represents the same opportunity for investors that Netflix (NFLX) offered several years ago. Meanwhile, Morgan Stanley analyst Katy Huberty on Wednesday reiterated her overweight rating and 166 price target on Apple stock. Her checks indicate strong iPhone and Apple Watch demand for the June quarter, she said. “We expect strong iPhone builds to drive positive EPS revision and multiple expansion as we approach the (iPhone) 6S launch,” she said in a research report. For the June quarter, Huberty is expecting iPhone sales of 50 million units, but strong demand could push that to 53 million. And Apple Watch demand is “sustaining after…

Netflix Stock Hits Record, But Carl Icahn Bails

Netflix (NFLX) shares leaped to a record high on Wednesday, a day after the subscription Internet television service announced a 7-for-1 stock split. Netflix stock was up more than 1% in morning trading on the stock market today, but earlier rose as much as 3.7%, to 706.24. That beat its previous all-time high of 692.79 from June 10. Even before news of the split, Netflix had been getting bullish reports of late. Activist investor Carl Icahn