Netflix Stock On Rise After Monthly Viewing Data Revealed

THE DEADLINE TEAM, Deadline.com
Thu, 07/05/2012 - 2:10pm

Netflix shares rose 13% today after a the market took yesterday off due to the July 4 holiday, closing at $81.72 thanks to the company’s biggest single-day gain since late January. The surge comes a couple of days after CEO Reed Hastings said in a Facebook entry that Netflix’s monthly viewing eclipsed 1 billion hours in June, which BTIG analyst Rich Greenfield calculated would have made Netflix ”the 7th most watched network inclusive of broadcast and cable networks (up from No.

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