why is netflix stock down

The last time Netflix lost subscribers was October 2011. The companys shares cratered more than 25 in extended hours after the report on more than a full days worth of trading volume reported CNBC.

Netflix Stock Plunges 20 Following Disappointing Earnings Report

NFLX fell by over 19 pre-market today.

. Its clear why the stock is down. At this point Netflixs only real massive crossover hit left is Stranger Things which is winding down. The Netflix Chart. The Witcher is also quite popular but to a lesser degree although Netflix did land the Knives Out sequels.

The Dow Jones Industrial Average DJIA was down 483 points or 14 at 34309 after falling more than 500 points at its low. Netflixs stock is now collapsing down 25 percent. Why Netflix Stock Was Sliding Today. In after-hours trading Netflix stock was down anywhere from 25 to 27.

The stock is now trading at 2018 levels and has lost two-thirds of its value since hitting an all. Netflix shares fell 218 Friday after the company quietly admitted in its fourth-quarter earnings that streaming competition is eating into its growth. The stock price of Netflix Inc NASDAQ. Investors are understandably disappointed by the weak second-quarter guidance and lower-than-expected growth in the first.

Why Netflix is raising prices Netflix ended 2021 with 2218 million subscribers. Netflixs stock is down following the companys Q3 earnings report which showed that it had missed subscriber growth expectations. Netflix saw its stock tank 25 percent after it reported losing 200000 subscribers in the companys first quarter the sharpest decline in a decade. The SP 500 SPX lost 51 points or 12 to 4342 and was on track.

The drop caused Netflix to shave more than 50 billion off its market cap. On Thursday the stock was continuing a two-day bounce to bring its relative strength index RSI up. Here is what happened and what investors should expect to. Down 40 from the November peak in after-hours trading Netflix stock is reacting poorly to Q4 earnings.

In an earnings call after announcing his companys results. Investors are responding negatively to a weaker-than-expected outlook in terms of subscriber growth revealed in the fourth quarter financial results. Netflix shares bombed 351 on Wednesday and are down a further 14 in pre-market on Thursday. It wasnt pretty particularly for a stock that was already down.

Why Netflix Shares Are Down Despite Blowing Away Subscriber Estimates Expectations were running high into Netflixs March quarter report and now investors are taking a closer look at the. Netflix finally admits it is facing tougher competition. Netflixs Cratering Stock Drags Down Its Rivals Too. Why Netflix stock is down Netflix stock is down after the company missed subscriber growth expectations.

Netflix has fallen over 25 off its all-time high. The companys stock peaked just south of 700 in November but has since dropped to around 400 on Friday. It is now the worst-performing stock of 2022 in the SP 500 down 625 year-to-date. Discovery Paramount and Roku all dropped between 5 to 8 percent at market close amid new streaming worries as Netflix.

Why did Netflix stock drop. The main reason for the decline is the news about the Netflix subscribers numbers and this is something to consider as the most relevant thing when it comes to the value of the Netflix stock. Netflix is forecasting a global paid subscriber loss of 2 million for the second quarter. Netflix on Tuesday reported a loss of 200000 subscribers during the first quarter its first decline in paid users in more than a decade and warned of deepening trouble ahead.

Meanwhile Disney is coasting on the backs of Marvel. The stock was down by 41 as of 125 pm. The reasons behind the 28 share plummet Netflix shares have plummeted by 28 in the last five days down to 36642 from its might 508 on Thursday January 20 2022. Shares of Netflix NFLX 483.

2 days agoAnother big area Netflix is lacking in is big franchises while other streamers are thriving on them. Heres one way you can tell how big a deal this. Netflix NASDAQNFLX stock skated downhill out of todays open and never looked back finishing down 351 and taking just short of 51 billion off the companys Tuesday valuation of 1515. Second-quarter revenues rose 19 year over year to 734 billion slightly above managements guidance.

Typically shying away from doing so Netflix has finally revealed that competition is hurting its subscriber growth. This is why it happened.