Netflix (NFLX) Trades Higher as Apple (AAPL) Said Considering Range of Media Targets

Netflix (NASDAQ: NFLX) gained pre-market Thursday after the Financial Times reported that Apple (NASDAQ: AAPL) last year proposed a bid for Time Warner (NYSE: TWX), a media company that owns HBO, CNN, and Warner Brothers.

Aside from the obvious comparison, traders focused on two paragraphs in the story related to Netflix. Specifically, the Financial Times reported that Apple has considers a range of potential media targets, and several bankers said Apple was more likely to go after a streaming company such as Netflix than a pure content player.

Netflix is set to open higher by more than 3.5%.

You May Also Be Interested In

• Needham Upgrades Netflix (NFLX) to Buy, 'on Rev Upside from Tech Stack'
• Midday top small-cap gainers
• Recent IPO Top Wealth Group (TWG) trading 90% higher