Netflix ($NFLX) hits a new 52-week low at $71.82 as failed M&A bids, including a $22B loss to Fox for Roku, spark investor anxiety.
Netflix Inc.
(NASDAQ:NFLX) stock fell Monday, hitting a fresh 52-week low.
The downward movement follows mounting anxiety among market participants regarding the streaming company's recent failed media acquisitions.
Acquisition Anxiety Drags Shares The recent decline builds on pressure from June 16, when Semafor reported that Netflix lost a high-stakes $22 billion bidding contest for Roku Inc.
(NASDAQ:ROKU) to Fox Corp (NASDAQ:FOX).
Netflix (NFLX) stock slides 3.47% premarket to $78.83 as Fox outbids the streaming giant in a massive $22 billion takeover battle…
Netflix (NFLX) shares have been in a steep decline over the past two months. But they could be getting close to a bottom.
Netflix, Inc. (NFLX) is currently at $83.55, down $2.30 or 2.68%
The stock has plunged 28% since the end of June, making it the seventh-worst performer in the Nasdaq 100 Index in the second half…
Frank Cappelleri breaks down the technical outlook on Netflix after the company's Wednesday drop.
After this week's post-earnings selloff, shares of Netflix fell below their 200-day moving average, a key technical indicator.
