WOW!... This is absurd...$2 bill market cap increase for $8 million in earnings?????
These markets are ludicrous! I guess I've seen it all, nflx didn't deserve a $30 stock price let alone $137. American markets are beyond pathetic and irrational. No position, but I am shocked at this ridiculous after hours response.
I always hear that argument that the high short interest is why stocks keep rising. Don't forget 100% of the float is long, so why doesn't the stock drop using your logic. Look at amzn, another high price, high p/e stock that just keeps rising also, and it's short interest is only 2%. AH nflx was $30 higher before earnings were announced.