Netflix stock (NFLX) is at a 7-month high after three straight sessions of gains, buoyed by bullish investor sentiment surrounding the streaming platform’s newly launched ad-supported tier.
Shares of the media giant, down roughly 50% since the start of the year, have climbed nearly 60% over the past six months. The stock rose about 3% in premarket trading on Tuesday.
The ad plan, dubbed “Basic with Ads,” rolled out on November 3 with a price tag of $6.99 a month in the U.S. — just below…
Source link
