Netflix Shares Edge Higher, Hit New 52 Week Peak Before Slight After Hours Dip
Netflix Inc (NASDAQ: NFLX) recorded gains during the regular trading session on Tuesday, April 30th, even reaching a new 52 week high before slightly pulling back in after hours trading.
The streaming giant closed the official market day at 1,131.72 USD. This reflected an increase of +6.08 USD, or +0.54%, compared to the previous day’s finish. The positive close outperformed the previous close of 1,125.64 USD.
However, the momentum saw a slight reversal in the extended session. After hours trading showed Netflix shares at 1,130.05 USD, indicating a modest decrease of -1.67 USD, or -0.15%, from the regular session close.
Throughout the trading day, Netflix shares exhibited volatility but maintained an upward trend. The stock opened at 1,112.65 USD and experienced a low point of 1,101.11 USD. Impressively, the shares climbed to reach an intraday high of 1,133.20 USD, which also marked a new 52 week high for the company. This peak indicates significant recent strength.
Key financial indicators reported alongside this price action include a Price to Earnings (P/E) ratio of 53.47. Netflix currently does not offer a dividend yield. The stock’s trading over the past year has ranged from a 52 week low of 544.25 USD to the new high achieved today. Netflix’s market capitalization is listed as 48.16KCr. As a leading name in entertainment streaming, Netflix’s stock performance is a significant indicator for the technology and media sectors.
