Netflix Stock Has a Lot to Prove This Week
There's no denying that Netflix (NASDAQ: NFLX) investors are in a bad place these days. Shares of the company behind the leading streaming service have been cut in half -- down 51% -- since peaking north of $700 just five months ago.
Netflix stock will be on the move this week. It reports financial results for its first quarter shortly after the market closes on Tuesday. Will the shares keep sinking with another uninspiring report, or has Netflix fallen so far down that even a ho-hum performance will send the stock higher?
Let's get you up to speed ahead of an important event for the company that put premium video streaming on the map more than a dozen years ago.
Source Fool.com
