Netflix Stock Is Flirting With $70. Once-in-a-Decade Opportunity or Value Trap?
Despite a fantastic 711% trailing-10-year return, Netflix shares are currently 45% off their peak.
Overview
Investors are pressing pause on Netflix (NASDAQ: NFLX). Shares of the video entertainment trailblazer are in free fall. They currently trade 45% below their record high (as of July 1), set about 12 months ago.
The streaming stock hit its 52-week low of $70.86 on June 25. Shares are dangerously close to $70. The last time they were below this level was in late 2024.
Details
Does Netflix present investors with a once-in-a-decade opportunity? Or is it a value trap?
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.