Net Flix: Shares On The Rise And Rework Of Showtime Deal

It seems that Net Flix is pretty busy today. We’ll first cover the showtime news. The new Showtime- NetFlix deal is going to include the streaming of shows that are no longer on Showtime but if you want to see what I call “the good stuff” you are going to have to go to Showtime anytime on their site. Bummer!

Now for the good news for Net Flix their shares are on the rise since an analyst from Credit Suisse upgraded the stock from “Neutral” to “Outperform”. They were a little iffy about what was going to happen with the Amazon new movie streaming service but now they do not believe it is going to bother much at all. I’m with you – go Net flix!

Last month Netflix hit an all-time high of $247.55 before giving up some ground. Share action: Up $9.04, or 4.2%, to $221.88 in late trading. It seems that things are going great for this movie rental company unlike many others that have had to close their doors because their business model just could not keep up with the changes.


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