Stock Market Wrap-Up: Why the Latest Netflix Panic Is Ridiculous
Throughout the current crisis, investors have focused on video streaming giant Netflix (NASDAQ: NFLX). Recently, Netflix followers have been concerned about the stock's pullback during what was otherwise a good week for the market, with Friday's drop marking the fifth day in a row that Netflix shares lost ground. One analyst sees the recent pullback as just the beginning of a huge move downward, but others remain optimistic that Netflix is on the cutting edge of the trend away from traditional home television viewing and toward on-demand streaming.