Netflix goes negative for the year, giving up a 46% gain [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Netflix goes negative for the year, giving up a 46% gain What a difference the past two months made for Netflix It was just early July when the streaming video giant's stock was flirting with new record highs. Now after an unexpected loss of subscribers and increased competition in the streaming war, shares of Netflix erased all of its 46% gain for the year at its peak and officially entered negative territory on Monday. Netflix has been haunted by nonstop bad news in the past few months. First, its most popular show "The Office" was stripped international subscriber adds A slew of announcements from media companies launching their own streaming services — Apple Disney AT&T Some Wall Street analysts started losing faith in their darling stock. Barclays analyst Kannan Venkateshwar said Monday Netflix is "very expensive" Most of Netflix's gains for 2019 came from a big pop in January when the company flexed its pricing power. It raised prices by 13% to 18% then and the stock soared. In
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