Netflix at 22-Month Low as Shares Extend Post-Earnings Rout
- Streaming-video giant set for worst month since September 2011
- Jefferies is latest to downgrade following subscriber outlook
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Netflix Inc. tumbled on Monday, with the video-streaming company extending a post-earnings selloff that has taken the shares to their lowest level since March 2020.
The stock fell as much as 11.6% and is down more than 30% over the past three trading days. Year-to-date, the stock has sunk more than 40%, making it the second-worst performer among Nasdaq 100 Index components, behind Moderna.