Netflix stock neared an all-time high after a Piper Sandler surveyof 1,000 Americans found 41 percent plan to retain their Netflix subscription after COVID-19 lockdown rules ease.
On Wednesday, Netflix shares closed up 11.6 percent at $547.53, after reaching an intra-day all-time high of $549.04. The previous all-time high for Netflix stock was a closing price of $548.73 reached on July 10, 2020.
The jump in Netflix's share price followed an Aug. 25 Piper Sandler survey that measured subscriber satisfaction with streaming and cableTV subscribers as Netflix faces new competition fromHBO Max and Disney+, while also competing with Amazon Prime, Hulu and traditional cable TV.
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