Shares of Netflix Inc. NFLX,
rose 14.2% in premarket trading on Wednesday, putting them on track to open in record territory after video streaming giant reported after the number of subscribers in the previous quarter’s quarterly session, while profit missed expectations. If the stock maintains its early gain to the end, it would mark its best performance a day after earnings, as it reported third-quarter 2016 results on October 18, 2016, when the stock rose 19.0%, according to FactSet data. Netflix results usually disappointed investors, as shares fell the day after the last four quarterly results and seven of the last eight results. In the last 20 quarters, shares have risen the next day after gains only seven times. The stock is heading for an opening well above the record close of 1 September 2020 of $ 556.55, but below the maximum intraday level of $ 575.37 as of July 13, 2020. It has fallen 4.5% in the last three months to Tuesday, while the S&P 500 SPX,
gained 10.3%.