25.03.2020 NETFLIX Daily Analysis

25.03.2020 NETFLIX Daily Analysis

Today NETFLIX is trading at $357.32 (-0.82%). The coronavirus outbreak shows no signs of slowing down any time soon, with 32,149 confirmed cases in the United States and a death toll of 400. Also, the coronavirus-led market rout continues in the country. However, the online streaming giant Netflix, Inc. has gained 2.9% year to date, as against the S&P 500’s loss of 28.7%. As an increasing number of people are spending time at home, in line with social-distancing guidelines due to the coronavirus pandemic, they are resorting to streaming for in-house entertainment. In this regard, Ted Sarandos, the chief content officer at Netflix, has commented that the company is seeing an increase in online viewership