After a 75% Plunge, Is It Time to Buy Netflix?
Netflix is a legendary stock. It was the “N” in the famous FANG group of stocks. It has gained nearly 30,000% in its lifetime. Over the last decade, it has gained 1,340% – and that includes a devastating 75% plunge in early 2022 as it fell from $700 all the way down to the $160s. It has since doubled off of last year’s lows and begs the question: Is now a buying opportunity at a discounted price? Or are Netflix’s glory days behind it?
