Submitted by Yi-Wyn Yen02.12.2009
Thunderdome
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This prediction is closed and has been judged.
Judgment made on March 17, 2009: Netflix closed at $40.79 on March 17. The community got this prediction right. -- The Industry Standard
Netflix is on a roll. Its stock has doubled in more than three months, closing at $37.93 on Feb. 12.
In its most recent quarterly earnings, Netflix's shares jumped by more than 15% when the company beat Wall Street estimates. The video rental service predicts that as the U.S. economy tanks further, more people will hang out at home, which means more folks watching and renting from Netflix.
Netflix, which has aggressively targeted the video streaming sector, announced that it now has more than 10 million subscribers and added more than 600,000 new members since January 1.
Prediction: Netflix's stock price will hit $40 by the time the company reports its first quarter 2009 earnings. The prediction closing date may be adjusted accordingly when the company announces its Q1 '09 release. The judgment will be based on the adjusted closing price for NFLX.
Image: HackingNetflix/Flickr
Price History
Prediction Statistics
| Betting Closes: | Apr 26 2009 | Current Consensus: | 99.42% | Total Bets: | 32 |
| Today's Change: | 9.40% | ||||
| Life Time High: | 99.42% | ||||
| Life Time Low: | 38.94% |
Comments
NFLX hit $40 intraday today but closed at $39.96!
Yup. A 6.5% bump is pretty impressive. Will be interesting to see what markets look like Friday.
NFLX is holding well above the psychological barrier of $40 with 3 hrs of trading to go. Today might be judgment day!
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