Netflix stock falls more than 50% from all-time high
NFLX Netflix Inc
$62.15 -0.86%
View chart & analysis → - 1Since 2002, Netflix stock has fallen more than 50% from its all-time high on six occasions.
- 2Netflix purchased a record 4.8 billion dollars in share buybacks in the third quarter.
- 3This stock decline is likely due to issues within Netflix rather than a broader market decline.
So what's the key point?
Netflix stock has fallen by more than half from its highest point. The company bought back a record 4.8 billion dollars of its own shares, and this decline is likely due to company-specific issues rather than market-wide problems.
Source The Motley Fool +1 · View original ↗
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