Why Netflix Stock Slumped Today

Investors were hitting the pause button on Netflix (NASDAQ: NFLX) today. After the stock rallied nearly 20% over the last three weeks in anticipation of the second-quarter report, the market gave the report a thumbs-down, sending the stock 6.8% lower as of 11:07 a.m. EDT.

Overall, this was another strong quarter for the leading streamer, but a combination of high expectations and weak guidance seemed to douse the hot stock.

Image source: Netflix.

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Source Fool.com