What’s Behind Netflix’s Second Day Stock Sell Off?
The sell off of shares in Netflix continued on Friday over subscriber growth concerns.
Stock in the streaming giant fell 8.5 percent a day earlier after MoffettNathanson research analyst Robert Fishman warned in an investor note that a gain from turning password-borrowers into paying customers had possibly run its course.
On Friday, shares in Netflix closed down another $15.25, or 1.7 percent, at $891.11, which marked a recovery from an intra-day trading low of $858.63, but was well down from a record high of $1,064.50 reached on Feb. 14 for stock in the streaming giant.
The stock selloff followed comments by Netflix CFO Spence Neumann over the streaming giant’s stance on live sports rights made at the Morgan Stanley conference on March 5. Neumann told the investors conference that Netflix would stick to big event sports like boxing specials, the Netflix Cup match-play golf tournament, NFL games on Christmas Day and WWE wrestling, and wasn’t likely...
Stock in the streaming giant fell 8.5 percent a day earlier after MoffettNathanson research analyst Robert Fishman warned in an investor note that a gain from turning password-borrowers into paying customers had possibly run its course.
On Friday, shares in Netflix closed down another $15.25, or 1.7 percent, at $891.11, which marked a recovery from an intra-day trading low of $858.63, but was well down from a record high of $1,064.50 reached on Feb. 14 for stock in the streaming giant.
The stock selloff followed comments by Netflix CFO Spence Neumann over the streaming giant’s stance on live sports rights made at the Morgan Stanley conference on March 5. Neumann told the investors conference that Netflix would stick to big event sports like boxing specials, the Netflix Cup match-play golf tournament, NFL games on Christmas Day and WWE wrestling, and wasn’t likely...
- 7/3/2025
- por Etan Vlessing
- The Hollywood Reporter - Movie News
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