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Why Netflix Is Down 35%: The Threat From New Streaming Rivals
Netflix shares are down over 35% in the past year, currently trading at $78.95. The stock dipped 3.5% this week, driven by concerns Fox could surpass Netflix in TV viewership. NFLX sits below its 50 and 200-day averages, as market gauges evolving streaming competition. Netflix, Inc. ($NFLX) — NETFLIX · PAST YEAR. Live market data via ...
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