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Netflix hit highs last seen several weeks ago after it lost the bidding war for Warner Bros. Discovery (WBD) to Paramount Skydance (PSKY). Rick Ducat dives into the technical trends aiding the stock's strong rebound on Friday's session. Options activity also more than quadrupled on the session.

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NFLX Jumps After Losing WBD Bidding War to PSKY

Schwab Network

NFLX Jumps After Losing WBD Bidding War to PSKY