Netflix Stock Drops Almost 10%… Again
September 20, 2011
Okay so I’ve been feeling a bit guilty for my posts on Netflix. I felt that maybe I haven’t been fair to them. Well the Netflix nightmare hasn’t ended. Today, Netflix takes another huge hit on their stock. I really didn’t think it could get any worse…
Netflix (NFLX) dropped another incredible 9.54% today. It is still falling in after-hours trading. After yesterday’s drop, I honestly didn’t think Netflix would get close to another double-digit single-day drop. I recently wrote about Netflix losing over half its value since the price-hike announcement. Well, who would have thought that they would lose almost half their value in less than a week?
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