25.05.2020 NETFLIX Daily Analysis

25.05.2020 NETFLIX Daily Analysis

Netflix stock is celebrating it's 18th birthday since it joined the market on the 23rd of May 2002 as a publicly-traded company trading for $15 per stock. As of the moment the stock is currently trading at $429.32, more than 400 higher. That simply means if you had invested $10000 into the stock 18 years ago you'd be worth about $4 million at this time. Netflix has been one of the most successful stocks these past couple months as the coronavirus ravages different parts of the globe and people are stuck at home and are subscribing to the streaming company. However last week the stock went on a losing streak losing almost 4.9% from it's May 15th high of more than $450 stock value. So far this is the longest streak since the 5-day stretch ending Feb. 25 which was right before Covid-19 pandemic struck seriously.