Why Netflix Stock Lost 13% in July
A strong earnings report wasn't enough to push Netflix stock higher. Netflix (NFLX 1.05%) has been one of the top-performing stocks in the market over the last few years, but that blistering growth seemed to catch up with it in July, as a strong second-quarter earnings report wasn't enough to push the stock higher. Instead, investors bailed on the stock as valuation concerns seemed to override another round of solid growth. According to data from S&P Global Market Intelligence, the streaming stock finished ...