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Markets · Investing · Business
Finance
Down 39%, Should You Buy the Dip in Netflix Stock?
Netflix stock is down 39% in a year, while earnings climbed 35%. Here's why that gap looks like an opportunity.
Every media giant is being dramatic this year. What else is new, right?
Comcast is setting NBCUniversal loose. Lionsgate is standing on the corner of Hollywood and Vine with a cardboard sign. Paramount Skydance won a $111 billion bidding war for Warner Bros. Discovery(NASDAQ: WBD) and immediately inherited a dozen skeptical state attorneys general. Even Roku(NASDAQ: ROKU) got a buyout proposal from Fox.
Details
Netflix(NASDAQ: NFLX) sighed, refinanced $1 billion of debt, and went back to work. Closing at $74.21 on Aug. 12, the stock is down 39.4% over the past 52 weeks. It's also just 14% above the 52-week low.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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