Netflix (NFLX) Catches Eye: Stock Jumps 7%

Zacks

Netflix, Inc. (NFLX) was a big mover last session, as the company saw its shares rise 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $326.27 to $327.28 since Mar 25, 2014.

The company has no estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Netflix currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Internet commerce industry include Liberty Ventures (LVNTA), IAC/InterActiveCorp (IACI) and Amazon.com Inc. (AMZN). While Liberty Ventures sports a Zacks Rank #1 (Strong Buy), IAC/InterActiveCorp and Amazon have the Zacks Rank as Netflix.

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