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Netflix set for biggest weekly gain since January after Paul-Tyson fight
Caroline Valetkevitch - Reuters -
22/11
Netflix shares were on track for a fifth consecutive gain on Friday and set for their biggest weekly percentage rise since January, after the streaming media company's popular boxing match between Mike Tyson and Jake Paul.
NEW YORK, Nov 22 (Reuters) - Netflix shares (NFLX.O), opens new tab were on track for a fifth consecutive gain on Friday and set for their biggest weekly percentage rise since January, after the streaming media company's popular boxing match between Mike Tyson and Jake Paul.
The stock was last up 0.2% at $899.06, off its intraday record high of $908 on Thursday. It has risen every session since the Nov. 15 fight, taking the stock up more than 9% for the week.
Several brokerages this week raised their price targets on the stock, including BofA Global Research, which on Thursday bumped up its price target to $1,000 from $800.
Netflix said on Tuesday that 108 million people worldwide watched the match between Paul, a 27-year-old... [Short citation of 8% of the original article]
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