Why July 16 Could Be a Turning Point for the Netflix Stock Price
Netflix has a chance to reverse its stock price decline on July 16.
Overview
Ever since Netflix (NASDAQ: NFLX) walked away from trying to acquire assets from Warner Bros. Discovery, the stock price hasn't found its footing.
Investors initially cheered Netflix's decision to withdraw from the bidding war with Paramount Skydance. But shares didn't gain much traction afterward, and Netflix's warnings about its content costs in the first half of the year haven't helped. As of this writing, the Netflix stock price is down roughly 19% year to date.
Details
On July 16, however, the next meaningful direction for the stock price could take shape.
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.