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24.04.2020 NETFLIX Daily Analysis

Netflix's excitement seems to be cooling down as the stock declined on Wednesday morning by 1.1%. Most investors are now treading

24.04.2020 NETFLIX Daily Analysis
Yazar: Zack Smith

Yayınlanma: 24 Nisan 2020 22:52

Güncellenme: 15 Kasım 2024 02:02

24.04.2020 NETFLIX Daily Analysis

Netflix's excitement seems to be cooling down as the stock declined on Wednesday morning by 1.1%. Most investors are now treading with caution as lockdowns are slowly being lifted and demand starts to reduce. One wall street analyst, Scott Devitt, cut his rating from  buy to hold in a note released recently. Different analysts of course have different sentiments regarding this and the only thing that will tell the end result is time. Netflix stock has increased by 31% over the past three months in a market that has generally been declining in that same period
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