With schools, businesses, and more shut down due to the ongoing coronavirus pandemic, many people have been looking for things to do while stuck at home. One go-to activity is watching the backlogs of content on streaming services, and Netflix in particular has seen great success thanks to recent additions like the documentary series Tiger King.
Though much of the global economy is struggling amid the pandemic, entertainment news site The Wrap reported Monday that Netflix stock hit its highest point in 52 weeks. As of close of business, 4:00 p.m. EDT, on April 14, 2020, Netflix stock (NFLX) was worth $413.39 per share according to stock market tracker MarketWatch.
Stock for the streaming company is currently at an all-time high, with its precious highest spike being a $411.09 share price in summer 2018 according to The Wrap. While the global pandemic is undoubtedly a huge factor in this, it also helps that Netflix has popular shows like Castlevania, which will receive a fourth season.
Yesterday afternoon comic book company BOOM! Studios announced a partnership that will provide Netflix more original live-action and animated content. Though many movie and television productions have been halted or canceled in accordance with social gathering measures, these kinds of developments suggest there will be more content to look forward to as things subside.
Source: The Wrap, MarketWatch