Stock Market Today, Feb. 27: Netflix Surges After Dropping Warner Bros. Bid and Securing Breakup Fee

Netflix (NASDAQ:NFLX), a subscription-based streaming service for movies and TV shows, closed Friday at $96.24, up 13.77%. The stock moved higher after Netflix dropped its bid for Warner Bros. Discovery while securing a breakup fee, and investors are watching how capital discipline will shape future content and deal spending.Trading volume reached 190.8 million shares, coming in about 280% above its three-month average of 50.2 million shares. Netflix IPO'd in 2002 and has grown 80,341% since going public. ...