Netflix (NFLX) was a big mover last session, as the company saw its shares surge over a massive 17% on the day. The rise can be attributed to the company’s strong fourth-quarter 2014 earnings. This led to far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $318.83 to $348.94 in the past one-month time frame.
The company has seen 2 downward revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same period, suggesting there may be 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 has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
An attractive stock in the same industry worth considering includes IAC/InterActiveCorp (IACI), carrying a Zacks Rank #1 (Strong Buy).
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