Netflix Adding $4.7 Billion To Market Cap As Stock Soars Toward Record High

Shares of Netflix Inc. soared 8.2% toward a record high in premarket trade Thursday, in the wake of a strong fourth-quarter report , which would add about $4.66 billion to video streaming company’s market value. Based on Wednesday’s closing prices, that would push Netflix up eight spots in the S&P 500’s market-cap rankings to 78th, according to FactSet data.