Netflix (NFLX) Reaches New High in Late Afternoon Trading

July 6, 2011 3:53 PM EDT
Netflix (Nasdaq: NFLX) shares are retreating a little after hitting a new 52-week high into the close. Shares got as good as $291.77 before pulling back on the session.

Netflix mounted a rally yesterday following news that it would be expanding into 43 Latin America and Caribbean countries.

Shares have been in negative territory for most of the day today.


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