Why Is Netflix Stock Price Down Today?

This move in Netflix (NFLX) stock price is a continuation after the horrible 2nd quarter earnings release. Netflix stock had been up 44% for 2019, but now it's in the red and down for the year. Wall Street expected much stronger numbers going into its second-quarter earnings release but when the companies numbers came out weak, the stock started picking up steam as it traded to the downside.

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