Can Netflix Continue to Soar After Hitting an All-Time High?
On August 20, streaming giant Netflix's stock price surged to $711.33, reaching a historic high. By the close of the market, Netflix was up 1.45%, closing at $698.54, setting a new record for closing price as well. Since the beginning of the year, Netflix's stock price has risen by 45% cumulatively. Netflix announced that its prepaid advertising commitments for 2024 have increased by more than 150% year-over-year.
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Will Netflix hit $750 next?