The Internet video service’s stock climbed another 15 percent Friday to reach its highest price in 16 months. The latest surge followed a 42 percent leap on Thursday that marked the stock’s biggest single-day gain since Netflix Inc. went public in May 2002.
Netflix’s fourth-quarter earnings spurred the stampede to buy the company’s stock. The results released Wednesday were highlighted by an unexpected profit. The stock gained $22.70 to close at $169.56.Olympian news services