Netflix Stock Flirts with Yearly High Near $1127 Despite Slight Tuesday Dip
Netflix Inc (NASDAQ: NFLX) shares remained largely stable during Tuesday afternoon trading, hovering just below recent peaks even as the broader market saw fluctuations. The streaming entertainment leader showed resilience, maintaining a strong position near its 52 week high.
As of 2:11 pm GMT-4 on April 30th, Netflix stock was trading at 1,124.00 USD. This represented a minor decrease of $1.64, or 0.15%, compared to the previous day’s closing price of $1,125.64. The trading session began with an opening price of $1,112.65. Following the open, shares dipped to a low of $1,101.11 before recovering significantly to reach an intraday high of $1,127.00.
This daily high placed Netflix exceptionally close to its 52 week record high of $1,127.79. The proximity to this peak underscores the stock’s robust performance over the past year, especially considering its 52 week low stands at $544.25.
The stock currently trades with a Price to Earnings (P/E) ratio of 53.11, reflecting investor valuation based on its earnings. According to market data, Netflix does not currently offer a dividend yield to its shareholders. Tuesday’s trading pattern suggests consolidation near the top end of its recent range after testing levels near its annual high.
