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Why Netflix Fell 6.9% Today

TheMotleyFool

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Shares of Netflix (NASDAQ: NFLX) dropped by 6.9% in trading Wednesday as the broader market tumbled. The Dow Jones Industrial Average closed the session down by just over 2% while the S&P 500 was off by 2.6%.

If Netflix was a heavily shorted stock, it might have bucked the day's trends. Stocks like GameStop, Bed Bath & Beyond, and AMC Entertainment rocketed higher despite the overall market sell-off. Fewer than 2% of Netflix shares are sold short, however.

Image source: Getty Images.

Source Fool.com

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