Diamonds and Dogs
Netflix Inc. (NFLX)
Netflix is on a tear today, up 16.70% to $407.04. The movie and TV show streaming company saw its shares spike after beating fourth quarter earnings estimates. Netflix revenues rose 26% year over year to $1.48 billion, which equates to an EPS of $0.72. Revenues were in-line we analysts' estimates, but EPS beat by $0.28. Netflix management said that the growth was driven by higher revenues from International Streaming and Domestic Streaming. Shares of the company jumped an astonishing $58.00 today, but were still well off of their 52-week high of $489.29.
Advaxis Inc. (ADXS)
Advaxis is making its investors sick today, down 25.51% to $8.76. The cancer immunotherapy company saw its shares fall after news that the law firm, Wohl & Fruchter LLP, announced it was investigating the company for possible violations of federal securities laws by officers and directors. According to an article, Advaxis misrepresented the tumor response data for its ADXS-HPV compound, thereby overstating the effectiveness of the compound in shrinking tumors. Shares of the company fell $3.00 today, as investors are scared of the possible truth and repercussions behind the investigation.
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