Netflix Dropping WBD Bid Is 'Best Move' For Investors, Says Gary Black, Sees 18% Upside - Netflix (NASDAQ:NFLX)

Netflix Inc. (NASDAQ:NFLX) shares soared nearly 9% in overnight trading on Thursday as the streaming giant officially declined to raise its offer for Warner Bros. Discovery (NASDAQ:WBD) .Financial Discipline Over M&AThe market is now looking toward a full recovery of the stock's recent losses. Before the initial Dec. 5 bid for WBD, Netflix was trading near the $100 mark. Following Thursday's close of $84.59, the shift back to fundamental growth represents a significant opportunity.“We believe… NFLX stock ca ...