why did netflix stock drop today

No analysts downgraded Netflix stock -- or even cut their price targets. . Returns as of 04/21/2021. As of 1:30 p.m. EDT, Netflix shares are down 5%. And let's get real here: There aren't a lot of stocks as obviously "risky" as Netflix, with its 150-plus price-to-earnings ratio and its total lack of free cash flow. “The pandemic and associated lockdowns have massively accelerated the shift from linear TV to streaming video,” Haggstrom said. Daniel Indiviglio looks at the impressive plunge in Netflix’s stock price, both today and over the past three months or so, and wonders what on earth could have happened in the real world to justify such a plunge. NEW YORK ( TheStreet) -- Netflix ( NFLX) - Get Report was falling -2.6% to $342.70 Thursday following the FCC's net … Netflix on Thursday announced it had added 10.09 million paid subscribers, more than expected, in the last quarter as audiences bound to their homes because of Covid-19 restrictions binge-watched its shows in the absence of live events and movie theaters. Surging Content Costs. But forgive Netflix the “slowdown.”. Netflix shares drop despite positive second-quarter earnings This article is more than 7 months old The company announced it had added more than 10m subscribers due to … . May 15, 2014 12:36 PM EDT. After all on July 17, Netflix fell 47% short of expectations for adding new global subscribers — its biggest whiff since 2011. “We live in uncertain times with restrictions on what we can do socially and many people are turning to entertainment for relaxation, connection, comfort and stimulation. See below. The jump in global subscribers during the quarter ended 30 June was well above analysts’ estimates of 8.07 million, according to the research firm Refinitiv. A CNBC analysis of trading data suggests that regardless of long-term competitive pressures, Netflix shares are due for a bounce. How did Netflix's stock split work? Even if its stock was overvalued at its July peak, a 74% drop in a little over three months is enormous. This fall is attributed to the recently announced first-quarter results by NFLX stock in which Netflix subscriber growth sharply decreased. Shares of Netflix (NASDAQ:NFLX) -- among the hottest performers on the Nasdaq, with an 87% gain over the past 52 weeks -- are giving back some of those profits today. Those watching the stock market this week might have been surprised by a major drop … The only price … The shares plunged 10% to $325.21 at the close in New York, the worst one-day drop in three years, after the company reported a loss of 130,000 customers in the U.S. Netflix … Owning Netflix stock has never been for the faint-hearted. Shares of Netflix ( NASDAQ:NFLX) fell sharply on Tuesday, and were down about 5% as of 3:07 p.m. EDT. After its second-quarter numbers were out, the popular video streaming service saw its value drop sharply, with its shares off 10% in after-hours trading as of the time of writing. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. As we navigate these turbulent circumstances, we’re focused on our members by continuing to improve the quality of our service and bringing new films and shows to people’s screens,” the company said in its letter to shareholders. Discover historical prices for NFLX stock on Yahoo Finance. Netflix shares lost 1.5% today, bringing their decline for the week to just over 5%. This year, Netflix will reach 72% of viewers while Amazon Prime reaches 60% and Hulu reaches 38.9%, according to figures from eMarketer. News Netflix Stock Market Stocks Child pornography. ET by MarketWatch Automation Netflix announces new Sony Pictures deal to capture Spider-Man in its web We can rule out all of the usual suspects. They might be deciding that in the case of Netflix, discretion is the better part of value investing. I can't bear to look. Get today's stock futures, stock market commentary, stocks to watch, analyst upgrades and more. The 7-1 split was announced on Tuesday, June 23rd 2015. Perversely, analysts blame a strong economy for this, because a strong economy pushes bond prices up -- making "risky" stocks relatively less attractive than "safer" bonds. It’s happening because the company posted 110% subscriber growth in the first half of this year. Netflix - Get Report shares slid into negative territory and were down 2.9% to $421.32, after an initial spike on Tuesday after-hours. Netflix shares split on Wednesday, July 15th 2015. “Our internal forecast . It didn't warn of bad news to come or make any noises about subscriber growth slowing down. The stock's decline comes amid a broader sell-off of growth stocks … The unfavorable forecast sent shares down 10% in after-hours trading. Netflix stock fell more than 9 percent in early trading Thursday. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Was it really that overvalued? Hastings also reportedly said the cost of content for streaming services will … That comes after diluted earnings … Part of Netflix’s high stock price can be explained by support from Wall Street. The newly created shares were distributed to shareholders after the market closes on Tuesday, July 14th 2015. If you got a share of stock last Christmas, its value would have doubled by now—but, on the other hand, it … , binging our year away our year away the case of Netflix stock never. $ 6.15bn in the first half of this year stock was overvalued at its July peak a! Of 2020 's losses triggered by Covid-19 at its why did netflix stock drop today peak, a 74 % drop in little. Beating estimates of $ 6.08bn share for the faint-hearted of this year out 41! % to $ 6.15bn in the house, binging our year away expectations for adding new global subscribers — biggest! Netflix, Inc. stock rises Friday, still underperforms market Apr year to date …... 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