Latest / Investopedia Markets News (all except PF)
Netflix Stock Gets Downgraded by Wells Fargo on ‘Worrying’ Engagement Trends
Netflix shares have lost nearly 25% of their value this year.Credit: Justin Sullivan / Getty ImagesKey TakeawaysWells Fargo downgraded Netflix stock to “underweight” in a note Friday, citing concerns about user engagement.Shares of Netflix lost ground, extending their recent slide amid worries about slowing revenue growth.Netflix shares have taken a hit lately. One group of experts sees the streaming giant’s stock falling even further.Shares of Netflix (NFLX) dropped nearly 5% to close just below $72 Friday, extending their recent slide after analysts at Wells Fargo downgraded the stock. It…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.