Shares of Netflix (NFLX) jumped 4.4% on Monday – the biggest performer in the S&P 500 — making it TheStreet’s Move of the Day. The video streaming service popped after a UBS analyst bumped the stock’s rating to BUY, from NEUTRAL. Netflix’s price target was also raised to $565 from $370. The analyst expects the company to continue to grow subscribers. On Friday, Netflix looked to increase its share authorization to 5 billion, from 170 million, a regulatory document revealed. This could mean a potential stock split in the future. Shares of Netflix are expensive, trading at $474 per share – a split would help push the stock price down. Shares have been on a wild ride so far this year, up almost 40%.
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