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Why Netflix Shares Are Diving Today

By Henry Khederian

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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Dive Deeper:
Why Apple Shares Are Diving Today
Shares of several companies in the broader technology sector, including Apple Inc (NASDAQ: AAPL), are trading lower amid continued volatility as…
Why Microsoft Shares Are Diving Today
Shares of several companies in the broader technology sector, including Microsoft Corporation (NASDAQ: MSFT), are trading lower amid continued volatility as investors…
Why Nvidia Shares Are Diving Today
Shares of several companies in the broader technology sector, including NVIDIA Corporation (NASDAQ: NVDA), are trading lower amid continued volatility as…
Why Ford Shares Are Diving Today
Ford Motor Company (NYSE: F) shares are trading lower by 4.33% at $12.28. Wells Fargo downgraded the stock from Overweight…
One subscription that gives you access to news from hundreds of sites
Why Baby Dogecoin Is Diving Today
Shares of several popular altcoins, including Baby Dogecoin (CRYPTO: BABYDOGE), are trading lower again Wednesday in sympathy with apex cryptocurrency…
Why Amazon Shares Are Falling Today
Shares of several companies in the broader technology sector, including Amazon.com, Inc. (NASDAQ: AMZN), are trading lower amid continued volatility as investors…
Get all your news in one place