Netflix Stocks Flew Up After “Roma” Won 3 Oscar Awards
One of the most popular streaming services in the world, Netflix, produced a drama, called “Roma”, which obtained 3 wins during the recent 91st Academy Awards. Such a big event has an effect on the company’s stocks. Let us look what happened.
This year’s Oscar did not have any big sensation, the winners of main nominations were quite expected. However, we cannot deny the triumph of Netflix during the ceremony, its film “Roma” won 3 statues. It means that the efforts were not wasted and $12 billion Netflix investments in original content were definitely paid off.“Roma” is a drama describing the life of domestic workers during political turmoil in 1970s Mexico. The picture won for best in the categories of cinematography, director, and foreign language film.
Netflix Stock Changes
As soon as the Award Ceremony came to end, Netflix stocks began to rise. Yet, they did not just rise, they skyrocketed to the highest mark in 2019 - $370.68. Let us look on the graphic.
[caption id="attachment_29341" align="alignnone" width="597"] Source: TradingView[/caption]
We can see that on February 25 the stock prices went up and established themselves on high positions for some period of time. Even though the price went down a little, the brockers advise to buy the stocks now as the company has a promising future. At the time of writing, the price evaluates for $363,93 per stock - “buy”. We remind you Netflix’s shares might be switching to blockchain as a part of tokenization. The company DX.Exchange, located in Estonia, has created a blockchain-based platform which lets the customers purchase the shares of the world giants from blockchain.The shares of Facebook, Tesla, Apple, Netflix and other leaders of NASDAQ can be bought indirectly, in the form of security tokens, backed up by real actual shares.Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/