Shares of Netflix (NFLX) have been dragging their feet of late, and are now down around 12% from the highs it hit back in January 2021. The streaming giant seems to be stuck in a rut after consolidating wildly in the $500 range. Undoubtedly, competition in the streaming video on demand (SVOD) is continuing to pick up traction, with many big media and tech companies hungry for a growing slice of the pie. That's bad news for the king of streaming.
https://www.tipranks.com/news/article/netflix-nearing-toward-outgaming-the-competition?utm_source=advfn.com&utm_medium=referral
Netflix (NASDAQ:NFLX)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Netflix Charts.
Netflix (NASDAQ:NFLX)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Netflix Charts.