Most Investors Are Wrong About Selling Netflix. Here's What I'd Do Instead.
Netflix has been under pressure this year. That's not a reason to sell.
Overview
There's no doubt about it. Netflix (NASDAQ: NFLX) is struggling. Shares of the leading streamer are down 25% this year on signs of weak engagement, rising competition from YouTube, and an underwhelming slate of original content.
As the chart below shows, Netflix's 25% slide includes a surge in late February when it bowed out of its pursuit of Warner Bros. Discovery, yielding to a higher offer from Paramount Skydance.
Details
Source
Originally published at www.fool.com.
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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.