The Buzz
Netflix stock goes bananas
May 15, 2013: 12:50 PM ET
"There's always money in the Banana Stand!" George Bluth tells his son, Michael, in the first season of "Arrested Development."
Of course, Michael and his son, George Michael, burned the Banana Stand to the ground, along with $250,000 in illicit cash, in a botched attempt at father-son bonding.
But it looks like there's always money in Netflix -- the home of the fourth season of "Arrested Development" -- too.
The show will make its debut on Netflix (NFLX) next week. The quirky and cerebral Fox sit-com went off the air in 2006.
The return of "Arrested Development" comes as Netflix has staged a dramatic comeback of its own in the stock market. Netflix shares were up 4% Wednesday to a new 52-week high. The stock has surged more than 150% so far this year, making it the best performer in the S&P 500.
In honor of "Arrested Development's" return, the show's creators sent the Bluth Frozen Banana Stand on a world tour that stated in London last week and included stops in New York this week.
The stunt caught the attention of analysts at broker-dealer BTIG, who visited the Banana Stand in New York this week and interviewed nearly 430 fans as they stood in line for the chance to sample an actual frozen banana.
"Arrested Development is clearly increasing the happiness of Netflix subscribers," which should help stabilize the user base, BTIG analysts wrote in a blog post.
It also appears to be increasing the happiness of some Netflix investors, according to traders on StockTwits.
oghowie
$NFLX just waiting the the Arrested Development reviews to really take off.
TradeAssassln
$NFLX on fire
financialtrader
$NFLX 245 watch this.. exploding thru
200pips
$NFLX all I can say is 500 here we come...keep on shorting boys..heheh Bullish
Netflix has been a heavily shorted stock. So that might be one reason for the big spike. But the company has also been adding subscribers recently as its original programing appears to be gaining traction with consumers.
Netflix signed up more than 2 million new U.S. streaming subscribers in the first quarter, which was at the top end of the company's own predictions. The first quarter included the launch of Netflix's most ambitious original series to date: "House of Cards," starring Kevin Spacey.
Not everyone was so bullish. One trader noted that the rally came on light volume, suggesting it might not last.
MrWallstreet
$NFLX Volume is OVER RATED, OVER RATED!
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Knight Capital back in business
Knight Capital Group is back up and running Thursday, a day after a power outage knocked the company's systems offline.
As Wall Street returned to business Wednesday morning, following a two-day hurricane-related shutdown, Knight experienced a backup generator power failure at its headquarters in Jersey City, N.J. The issue affected all equities trading, as well as electronic foreign exchange and electronic fixed income trading.
The company, which plays a key role on MORE
Hibah Yousuf - Nov 1, 2012 9:41 AM ETPosted in: generator, Hurricane Sandy, knight, Knight Capital Group, power, stock orders, stocks, trading -
Spanish stocks halted for 5 hours due to trading glitch
Computerized trading problems aren't unique to the United States apparently. The main stock market in Spain was halted Monday for nearly 5 hours due to a "technical glitch," according to the index operator.
The IBEX 35 was offline from 10:05 a.m. to 2:50 p.m. local time, a spokesman for the Bolsas y Mercados Españoles said. The index rallied after trading resumed, gaining 2.8%. The spokesman said he did not yet MORE
Ben Rooney - Aug 6, 2012 11:24 AM ET -
The Wall Street machine is broken
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Technology is a great thing until it runs amok. That's the plot line of scores of good (and bad) sci-fi novels and movies. But it's also the sad reality for investors.
The Knight Capital Group trading glitches MORE
Paul R. La Monica - Aug 2, 2012 12:12 PM ET -
Facebook: IPO was fairly valued
Facebook said its initial public offering was fairly valued, according to a back-and-forth correspondence with regulators ahead of its IPO.
In documents released by the SEC Friday, Facebook (FB) said the difference between the company's fair value of $30.89 a share on Jan. 31 and the midpoint of its offering wasn't "meaningfully different."
In 2011, Facebook's fair value estimates went from $25.54 in March, to $30.07 in September before dropping back to MORE
Catherine Tymkiw - Jun 15, 2012 2:23 PM ET -
Facebook options traders bet on further slide
The market is betting that Facebook (FB) will continue to swing wildly over the next two months, and investors in newly minted Facebook options are banking on more volatility.
Investors rushed to buy into Facebook options, which give investors the right to buy or sell a stock a certain price, on Tuesday. This was the first day that Facebook options were available.
Shares of Facebook plunged nearly 10% Tuesday. (Opening days of MORE
Maureen Farrell - May 29, 2012 5:05 PM ET -
Farewell to my Facebook stock
So today's the day. We promised to sell our Facebook (FB) shares exactly one week after the company debuted on the Nasdaq and by golly, I'm gonna do it. I can't say I'm happy about it. Even buying in at $38.01, I'm going to lose money. And that's a shame, since we were going to donate any proceeds to CNN Heroes Top 10 nominee The Time is Now to MORE
Catherine Tymkiw - May 25, 2012 11:06 AM ET -
Outraged Facebook investors speak out
What was supposed to be a day of champagne popping and joy quickly turned into an investing nightmare for many individual investors.
"I invested $500,000 and put in stops at $40.25. The stops never triggered and I didn't realize until 3:30 p.m.," wrote Paul Allen (NOT Microsoft's (MSFT) co-founder). "Instead of making a small profit, I lost $40,000! I no longer trust anybody's trading platform or exchange."
Another investor, Rosanne Cohn simply MORE
Catherine Tymkiw - May 23, 2012 3:31 PM ET
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