Netflix Is Down 21% This Year. History Says This Is the Time to Buy.
Yahoo Finance ·
At the time of this writing, shares of Netflix ( NFLX +4.66% ) are down 21% year to date and 42% over the past year -- a rough stretch to say the least. For a company that spent years as one of the market's favorite growth stories, the mood has soured. The last time investors gave up on this stock, though, the ones who held on were rewarded. What came next is the part worth studying. The company cracked down on password-sharing, a move plenty of people thought would drive customers away. It also launched a cheaper, ad-supported plan.
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