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January 28, 2013 at 11:00 AM EST
Netflix's Season of Ups and Downs May Not End Well
It’s been less than five months since Netflix shares were trading near 52-week lows below $55 each and the company couldn’t do anything right. Now after reporting stunningly strong results for the fourth quarter -- much better than the market had been expecting -- its shares are changing hands for $169.56. Admittedly a big chunk of the stock’s whopping 73% gain in the last three trading days likely has come from the fact that the legion of short-sellers who have been dogging Netflix (NASDAQ:NFLX) for more than a year sprinted to cover those bearish bets. But a cluster of ...
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