Netflix and These 2 Stocks Explode Higher on Flat S&P 500
The S&P 500 (NYSEARCA:SPY) is down today by a small 0.03% and stands at 1,281. Here are three better performing stocks.
Netflix (NASDAQ:NFLX): Time Warner (NYSE:TWX) is experiencing sluggish DVD sales. Their solution? Expand the period of time in which companies like Netflix can rent new releases. Nevertheless, Netflix as a company may have turned the corner. NFLX shares recently traded at $84.80, up $5.5, or 6.94%. They have traded in a 52-week range of $62.37 to $304.79. Volume today was 7,762,844 shares versus a 3-month average volume of 8,255,690 shares. The company’s trailing P/E is 19.27, while trailing earnings are $4.40 per share.
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Apollo Group (NASDAQ:APOL): Perhaps the worst is over for the Apollo Group. While FQ1 earnings fell 37% year over year, new enrollments have grown for the first time in a year. APOL shares recently traded at $56.96, up $3.24, or 6.03%. They have traded in a 52-week range of $34.43 to $54.73. Volume today was 3,275,665 shares versus a 3-month average volume of 1,792,770 shares. The company’s trailing P/E is 14.11, while trailing earnings are $4.04 per share.
MetroPCS Communications (NYSE:PCS): Yesterday, MetroPCS lost more than anyone else on the S&P board right at the beginning of trading because of a drop of new users by a third. The stock has been stagnant ever since, but is showing some signs of life. PCS shares recently traded at $8.19, up $0.18, or 2.25%. They have traded in a 52-week range of $7.51 to $18.79. Volume today was 3,059,481 shares versus a 3-month average volume of 4,811,240 shares. The company’s trailing P/E is 13.38, while trailing earnings are $0.61 per share.
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