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Benzinga
Benzinga
Business
Henry Khederian

Why Netflix Shares Are Diving Today

Shares of several companies in the broader technology sector, including Netflix Inc (NASDAQ:NFLX), are trading lower amid continued volatility as investors digest the latest U.S. inflation data, which came in higher-than-expected.

The headline CPI rose 8.3% in April, down slightly from 8.5% in March but above economist estimates of 8.1%. Prior to 2022, the CPI hadn't risen 8.3% in any month since 1982... Read More

See Also: Why Coinbase Stock Is Trading At 52-Week Lows

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages.

According to data from Benzinga Pro, Netflix has a 52-week high of $700.99 and a 52-week low of $167.91.

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