Netflix stock bounces, after suffering the worst 6-day stretch in its 20-year history


Shares of Netflix Inc. NFLX, +5.82% bounced 6.6% in afternoon trading Thursday, after the streaming video company suffered its worst six-day stretch on record. The stock had plummeted 45.9% amid a six-day losing streak through Wednesday, which was kicked by the 35.1% plunge on April 20, the biggest one-day drop since Oct. 15, 2004, in the wake of a deeply disappointing earnings report. The selloff during that streak is the biggest since Netflix went public in May 2002, passing the previous worst six-day stretch of 45.1% that ended on Oct. 9, 2002. Despite Thursday’s bounce, Netflix’s stock had still shed 66.6% year to date, making it the worst performer in the S&P 500 SPX, +2.47% over that time. The S&P 500 has lost 9.8% year to date.

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