Netflix Just Raised Prices Again: Here's What That Means for Investors
Less than a week before Netflix (NASDAQ: NFLX) disappointed Wall Street by providing weak first-quarter 2022 guidance of just 2.5 million new customers, the business announced that it would be raising prices in the U.S. and Canada. The stock reacted positively to the news, finishing the trading session up 1.3% that day. But so far this year, Netflix shares are down 29%.
Price hikes have traditionally been a sign of strength for this top streaming stock, but this time could be different. Continue reading to understand why.
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Source Fool.com