Why Did Netflix, Inc. (NFLX) Jump 6% on Monday?

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But is that backhanded connection strong enough to boost Netflix shares by 6%? I think not.

Like I said, I believe that Netflix is undervalued from a long-term perspective. But there’s no particular reason for Mr. Market to adjust his price tag on the stock this much right now. And you can’t even chalk it up to some big-volume buy behind the scenes, as the trading volume was actually lower than recent averages.

Enjoy the ride, fellow Netflix owners. The big, truly investable news will come when Netflix reports second-quarter results in about three weeks. This Monday’s sound and fury signifies nothing.

The article Why Did Netflix Jump 6% on Monday? originally appeared on Fool.com is written by Anders Bylund.

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