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Netflix Stock Rises 42% in 5 Trading Sessions
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Quantitative Analyst
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AP |
Shares of Netflix [NFLX
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] rose 41.7 percent in the past five trading sessions, posting their largest five-day percent gain since October 2002, when they increased 45 percent.
Netflix is currently leading the gains in the S&P 500 [.SPX
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] so far this year.
The movie rental company made its debut in Britain and Ireland on Monday.
Netflix stock, which fell nearly 61 percent in 2011, traded above its 50-day moving average and rose as high as $99.65 Monday — its highest level since October 2011.
The stock has been among the most shorted in the S&P 500, with a short interest of 18 percent.
Bottom Picking?
Most of the leaders in 2012 suffered large losses last year.
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This story was orginally published Friday, Jan. 6, and has been updated to reflect Monday's closing values.
Follow Giovanny Moreano on Twitter: @giovannymoreano
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Data is a real-time snapshot *Data is delayed at least 15 minutes
