Netflix loses gains made during the pandemic
The stock has been struggling since it reported a low subscriber growth in January
By Yashasvini Razdan
Published - Mar 14, 2022, 09:58 PM ET
Last Updated - Feb 16, 2024, 01:54 PM EST
• The stock has been struggling since it reported a low subscriber growth in January
• Its shares fell more than 2% to around $332 each, a 52-week low
Netflix's ( NFLX) stock has lost all the gains it got during the pandemic on Monday. The stock has fallen consistently from the all-time highs of November 2021.
Its shares fell more than 2% to around $332 each, a 52-week low. That's more than 50% down from the company's 52-week high of $700.99, which it hit in mid-November.