Though it might still be popular to Netflix (NASDAQ:NFLX) and chill, the company’s share price hasn’t exactly been must-see viewing of late. NFLX has been on a downward spiral, losing over 40% during the past year.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
In a sense, much of the narrative has revolved around some extracurricular activities. The company tried (and failed) to acquire Warner Bros. Discovery, losing out to a much larger bid from Paramount Skydance.
More recently, reports have surfaced that Netflix tried to purchase Roku and Lionsgate Studios. While the company has denied submitting a formal bid for either company, it hasn’t helped to improve sentiment.
As top investor Danny Vena notes, some are worried that these developments reflect a lack of a coherent growth strategy at Netflix. He’s not buying it.
“Simply put, this has all been much ado about nothing,” explains the 5-star investor, who is among the top 1% of stock pros covered by TipRanks and a writer for The Motley Fool.
