Netflix’s stock, then and now: A steep, severe drop
- $304.79 Netflix’s stock price on July 13, the day after they announced their unpopular price changes
- $76 Netflix’s stock price as of this morning; it’s down more than 75 percent since July alone source
» How hard will moving forward be? During yesterday’s earning report, Netflix’s CEO, Reed Hastings explained off his company’s tough year like this: “We made a couple of big mistakes this year. It’s up to us to own up to those mistakes and to move forward.” But will owning up to those mistakes be enough to stop the bleeding amongst investors? A 75 percent drop in three months — when your stock is worth more than $300 — is just insane. It dropped 36 percent today alone. If you think Netflix is going to bounce back, though, now’s the time to buy their stock.
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