NFLX - Netflix Inches Toward The $700 Milestone With Impressive Subscriber Surge Could This Be The Break Investors Have Been Waiting For | Benzinga
- Netflix is approaching its previous record high, nearing the significant $700 mark.
- The company has achieved a notable increase in subscribers, reporting approximately 269.6 million paid subscribers worldwide by the first quarter of 2024.
- Netflix demonstrated resilience, with its stock price surging by over 300% from a low of $162 in May 2022.
Netflix Inc (NASDAQ: NFLX) is close to surpassing its previous all-time high, nearing the $700 psychological level of resistance.
This threshold presents both a challenge and an opportunity for the streaming giant. Reaching such milestones often triggers investor actions that can influence the stock's direction.
In terms of subscriber growth, the company has shown impressive progress. As of the first quarter of 2024, the ...