Netflix goes negative for the year, giving up a 46% gain
Shares of Netflix erased all of its 46% gain for the year at its peak and officially entered negative territory on Monday Sep 21 2019.
It’s hard to value these high growth stocks which grow revenue but may not have a wide moat and growing earnings and cash flow. NFLX has rising competition from DIS, CMCSA, AMZN and others.
No comments:
Post a Comment