Netflix shares gain for a fourth straight session on Thursday, “Murder Mystery” watched by nearly 31 million account holders in its first 3 days

In a tweet earlier this week, Netflix Inc (NFLX) stated that its “Murder Mystery” movie featuring actress Jennifer Aniston and actor Adam Sandler had been watched by 30.9 million account holders during its first three days.

It has been the ”biggest opening weekend ever” for a Netflix original film, the digital media company said.

Netflix shares closed higher for a fourth consecutive trading session on NASDAQ on Thursday. The stock went up 0.46% ($1.69) to $365.21, after touching an intraday high at $369.93, or a price level not seen since May 22nd ($370.46).

Shares of Netflix Inc have risen 36.45% so far in 2019 compared with a 17.84% gain for the benchmark index, S&P 500 (SPX).

In 2018, Netflix Inc’s stock went up 39.44%, thus, it again outperformed the S&P 500, which registered a 6.24% loss.

”Murder Mystery” was watched by 13,374,914 account holders based in the United States and Canada and by other 17,494,949 users worldwide, Netflix said.

According to Variety, in case an account holder has watched more than 70% of one episode or one movie, then it is considered as a “view” by Netflix.

Meanwhile, Wolfe Research on Thursday assigned an “Outperform” rating and a 12-month price target of $442 on Netflix Inc’s shares.

According to CNN Money, the 35 analysts, offering 12-month forecasts regarding Netflix Inc’s stock price, have a median target of $425.00, with a high estimate of $500.00 and a low estimate of $183.00. The median estimate represents a 16.37% upside compared to the closing price of $365.21 on June 20th.

The same media also reported that 26 out of 39 surveyed investment analysts had rated Netflix Inc’s stock as “Buy”, while 9 – as “Hold”. On the other hand, 2 analysts had recommended selling the stock.

Weekly Pivot Levels

By using the traditional method of calculation, the weekly levels of importance for Netflix Inc (NFLX) are presented as follows:

Central Pivot Point – $347.66
R1 – $359.17
R2 – $378.61
R3 – $390.12
R4 – $401.63

S1 – $328.22
S2 – $316.71
S3 – $297.27
S4 – $277.83