Netflix shares are trading higher after the company recently rolled out its password sharing crackdown. The stock may also be up amid overall market strength on hopes of a debt ceiling resolution and broader tech strength.
Portfolio Pulse from Bill Haddad
Netflix shares are trading higher following the company's recent crackdown on password sharing. The stock may also be benefiting from overall market strength due to hopes of a debt ceiling resolution and broader tech strength.
May 26, 2023 | 4:33 pm
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Netflix shares are trading higher due to the company's crackdown on password sharing and overall market strength.
Netflix's crackdown on password sharing is expected to increase the number of paid subscribers, leading to higher revenues. Additionally, the overall market strength due to hopes of a debt ceiling resolution and broader tech strength is positively impacting the stock.
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