Golden Globes 2018: Impact–Netflix (Big Winner) Shares Jump 6 Percent after Major Wins

Netflix hares jumped 6% Monday, after the giant streaming won five Golden Globe Awards on Sunday night.

The streamer earned Globes trophies in major categories for Alfonso Cuarón’s art-house masterpiece, Roma, and Chuck Lorre’s comedy The Kominski Method.

The rise in Ntflix’s’s stock, which closed at $315.34 per share on the day, exceeded a more modest uptick in the broader market.

Piper Jaffray analyst Michael Olson issued a report predicting Netflix will beat Wall Street expectations for U.S. streaming-subscriber additions for the fourth quarter of 2018. Olson wrote in a research note that the firm’s model, based on an analysis of Google search trends, points to “directionally positive” domestic growth, “showing a high likelihood of a strong Q4 for Netflix domestic sub adds, with in-line int’l subs.”

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