Netflix Moving Higher Today (NFLX)

Shares of Netflix NFLX are moving higher today on above average volume. NFLX has gained 2.78% and has breached the $100 level again. On the trading session, a total of 1.4 million shares have already changed hands. Netflix (NFLX) hit a 52 week high of $109.70 on April 26, before selling off along with the broader market. This stock has been one of the hottest names on the Nasdaq, gaining over 81% year-to-date. The stock is trading at a pricey P/E ratio of 45.32, but if it can sustain the $100 level, new highs could be breached quickly.