Netflix Inc. (NFLX) stock experienced significant trading activity after its latest earnings report, with share prices reaching $525 in after-hours trading. Traders and analysts have been actively discussing the stock's performance, highlighting a range of anticipated share price movements between $440 and $535. The stock surged past the $503.50 mark and continued to climb, with some traders setting a target of $538.4 based on Fibonacci extension levels, but capped their upside call spreads at $530 from the weekend earnings plays. Others called out potential for it to reach between $550 and $610, given it holds its gains in the first hour of trading with support levels below at $527 and $520. Additionally, Netflix achieved a new record high subscriber count of 260.3 million.
$NFLX 44% called out for $550-574 are right👇 Potential gap up holds 1st hour we can run to 📈$544, $550, $557, $584, $602-610 with support below 📉$527, $520 https://t.co/qgX238VB5O
$NFLX popping nicely 538.4 target as 1.382 Fib. extension, but capped our upside call spreads at 530 from the weekend earnings plays
Cash is flowing at NFLX https://t.co/yZJrlCdxYm
$nflx cleared $503.50 fast. Make sure it stays above it
🍿Netflix $NFLX reaches a new record high subscriber count at 260.3M. https://t.co/G8Op5fgQmi
$NFLX - early reaction towards 530. Backing off No positions $SPY https://t.co/TnFOR1JSrW
$NFLX 525 after hrs wow https://t.co/98pHLfBNuw
$nflx fly up
$NFLX - crushed the gapper last ER Hedge seeing a wide range of 440 to 535. Have to study the 🔮 more tonight