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Why Netflix Stock Charged Higher Thursday Morning

Why Netflix Stock Charged Higher Thursday Morning

Shares of Netflix (NASDAQ: NFLX) moved sharply higher on Thursday, surging by as much as 9.8% in morning trading. Netflix's lower-cost Basic with Ads plan is finally hitting its stride, according to an article published by Bloomberg. Perhaps equally importantly, Netflix also surpassed the milestones it set with advertisers, delivering the requisite number of viewers necessary to fulfill its contractual obligations, according to the article, which cited "people familiar with the deals."