Why Netflix Stock Slumped Today
Investors were hitting the pause button on Netflix (NASDAQ: NFLX) today. After the stock rallied nearly 20% over the last three weeks in anticipation of the second-quarter report, the market gave the report a thumbs-down, sending the stock 6.8% lower as of 11:07 a.m. EDT.
Overall, this was another strong quarter for the leading streamer, but a combination of high expectations and weak guidance seemed to douse the hot stock.
Source Fool.com