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Why iQiyi Stock Jumped 13% This Week

·2 min read
Why iQiyi Stock Jumped 13% This Week
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Netflix shares jumped early in the week as several Wall Street upgrades came following a stock price collapse in January. The subscription video leader also rose due to increased buying from large investors, and from insiders like co-CEO Reed Hastings. With no news out from iQiyi in the period, the stock's increase this week was likely tied to the rebound in both Netflix and Roku stocks.