Is Netflix a Buy at All-Time Highs?
T = Trends for a Stock’s Movement
Netflix is an Internet subscription service that streams television shows and movies. The company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers, and mobile devices. In the United States, subscribers can also receive DVDs delivered to their homes. Netflix has revolutionized the television and movie industry with its services.
Netflix users of Virgin Media’s (NASDAQ:VMED) set-top boxes will now have access to Netflix through their TV setup, making it the first time that a major Pay-TV operator embeds the beloved streaming service within its programming menu. The program will soon be available to 1.7 million Virgin Media homes this year, beginning with a pilot launch to 40,000 homes this week, the Wall Street Journal reports.
Also, Netflix seems to have finally recovered from difficulties the company faced in 2011 when Chief Executive Officer Reed Hastings decided to separate the company’s streaming and DVD-renting options into separate subscription plans, angering customers and causing the stock to plummet.