On a day the NASDAQ was down about 0.2 percent, Netflix hit a new all-time high during intra-day trading, hitting $122.78 and eventually closing at $121.00 per share, up 7.5 percent on the day.
The video streaming service has seen its shares rise 143 percent so far in 2015. A stock split, Icahn cashing out, and and encouraging earnings reports have spurred investor’s attention in the company, as has its recently announced entry into Asian markets.
Now the activist investor has missed out on hundreds of million of dollars in profit by selling early. The day he announced that he had liquidated the remainder of his Netflix holding, the stock was trading at about $96 dollars, adjusted for the recent 7-1 split. Today the stock closed at $121, representing a missed return of an additional 26 percent.
The day started with news that Netflix has finally confirmed a launch date for it’s long-awaited expansion into Asia. The company launched a Netflix Japan Twitter account as well as confirmed a September 2nd launch date, according to VentureBeat.
