Why Did Angel Studios Stock Surge 13% Today?

Angel Studios gained the spotlight as the online campaign against Netflix Inc. drove interest toward the company.

Angel Studios Inc. (ANGX) stock traded over 13% higher in Thursday’s premarket as the "cancel" subscriptions campaign against streaming giant Netflix Inc. (NFLX) drove interest toward the company. 

The backlash toward Netflix was triggered by resurfaced comments from a show creator linked to the platform, in response to activist Charlie Kirk’s assassination.

Hamish Steele, creator of the animated show "Dead End: Paranormal Park," faced criticism over a previously posted message that resurfaced on social media. Meanwhile, actor-comedian Rob Schneider also drew attention to the company through a post on the platform X. 

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