Netflix (NFLX) Moves Higher into the Close on Volume; Fills Earnings Gap

October 26, 2012 3:47 PM EDT
Netflix, Inc. (NASDAQ: NFLX) shares are acting well Friday, with gobs of volume to boot.

Unfounded market chatter has Microsoft (Nasdaq: MSFT) making a bid for the streaming content giant, though that seems highly unlikely.

Otherwise, research firm DEG touted how Netflix-like streaming services have been positively affecting U.S. home video sales, with sales doubling in the third quarter.

In any case, Netflix has erased its earnings drop, which sent shares from $68 on Tuesday down to $58 Wednesday. The stock is up 13.5 percent Friday afternoon as 11 million shares have clicked through on the session. The average daily volume for Netflix is about 5 million shares.

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