The abrupt pullback is hardly surprising in light of Netflixs recent results and forecast. It capped a challenging year for Netflix after it reveled in eye-popping gains during the pandemic lockdowns of 2020 that drove homebound people to its service.
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For many years Netflix has been valued as a.
. The disappointing news caused Netflixs stock price to plunge by about 20 in extended trading after the numbers came out deepening a steep decline during the past two months. Netflix stock performance data by YCharts. Netflix stock which went into Fridays Nasdaq session already down 16 in 2022 to date plunged 22 today alone on waves of selling and disenchantment.
The stock lost 217 the largest percent drop since July 25 2012 when shares fell 25 as tracked by Dow Jones Market Data Group. UPDATED with closing price.
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