Why Netflix Stock Lost 13% in July
(NASDAQ: NFLX) has been one of the top-performing stocks in the market over the last few years, but that blistering growth seemed to catch up with it in July, as a strong second-quarter earnings report wasn't enough to push the stock higher.
Instead, investors bailed on the stock as valuation concerns seemed to override another round of solid growth. According to data from S&P Global Market Intelligence, the streaming stock finished the month down 13%.
As you can see from the chart, the stock headed lower over much of July, even as the S 500 (SNPINDEX: ^GSPC) finished with a 2.2% gain.
Source Fool.com
Netflix Inc. Stock
€90.09
2.580%
The stock is one of the favorites of our community with 136 Buy predictions and 1 Sell predictions.
With a target price of 110 € there is a positive potential of 22.1% for Netflix Inc. compared to the current price of 90.09 €.
