Netflix is now worth more than Exxon as the coronavirus lockdown sends shares soaring (NFLX, XOM)

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Netflix is now worth more than Exxon as the coronavirus lockdown sends shares soaring

Netflix stock gained 3% on Thursday to roughly $439 per share, bringing its market capitalization to about $183 billion at market close. Exxon Mobil fell more than 3% Thursday to $39.15 per share, bringing its market value to about $175 billion at the end of the trading day.

The gain was driven by Goldman Sachs' upgrade of the company on the basis that it's seeing stable demand during social-distancing. In addition, new programming including the hit"Tiger King" and season three of"Ozark" have further boosted the stock, the bank said.

There could be more pain ahead for oil. This week, OPEC and the International Energy Agency released dismal outlooks for global demand for the rest of the year, also weighing on prices.

 

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Netflix as long as the Obama's control the board & programs, I sure as hell won't watch.

All thanks to Carole Baskin?

Correct dear

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