Netflix Inc (NASDAQ: NFLX) stock showed strength during afternoon trading on Friday, April 29th, reaching a new milestone. As of 2:11 PM GMT-4, the streaming giant’s shares were priced at 1,119.19 USD.
This reflects a solid gain of 8.81 USD, or 0.79%, for the trading session thus far. The positive momentum pushed the stock notably higher than its previous closing price of 1,110.38 USD.
The trading day for Netflix began at 1,103.92 USD. While it saw a low point of 1,095.48 USD, strong buying activity drove the price upwards. Significantly, the stock reached an intraday high of 1,122.57 USD. This high point is particularly noteworthy as it matches the stock’s listed 52-week high, indicating peak performance over the past year at that moment.
Key metrics for Netflix include a Price-to-Earnings (P/E) ratio of 52.88. The company does not currently offer a dividend yield to its investors.
The 52-week low for Netflix stands at 544.25 USD. Today’s trading activity, touching the 1,122.57 USD mark, places the stock firmly at the upper end of its performance range over the last twelve months. Investors continue to watch NFLX closely amid developments in the streaming market.
