Netflix Worth More Than Disney as Streamer’s Stock Hits All-Time Highs
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variety.comBy Todd Spangler NY Digital Editor Netflix — for now — is worth more than Disney, after the streaming company’s shares rose to all-time highs Wednesday.
The company’s stock, extending its three-day rally, was up over 3% in morning trading, reaching a peak of $430 during the session.
That gave Netflix a market capitalization of more than $187 billion, just higher than Disney, whose stock was down 2.5% Wednesday.
Investors clearly are expecting Netflix to benefit from the COVID-19 crisis, with millions of people under stay-at-home orders — and looking for a diversion.
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