Netflix Bouncing On Blockbuster's Demise

Shares of Netflix NFLX are up 1.5% today to $159.39, as Blockbuster finally announced it was filing Chapter 11. Blockbuster filed chapter 11 in large part due to the growth of companies such as Netflix NFLX and Coinstar's Redbox CSTR. Shares of Netflix have been one of the NASDAQ's top performers this year, as it continues to deliver subscriber and revenue growth. Shares of Netflix are currently trading at $159.39, a gain of $2.46‎.