Shares of Netflix rose more than 2% during trading on Thursday after analysts at BofA Merrill Lynch spotted a big boost in app downloads.
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Mobile downloads of the Netflix app were up 18% year-over-year during the third quarter so far, thanks to the buzz around returning shows like"Stranger Things," the report showed. The Wall Street firm spotted an 18% lift year-over-year in mobile downloads of the Netflix app around the world, during the third quarter so far, according to a note published on Monday, which cited data from SensorTower.
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