Netflix, Inc. NFLX shares are trading lower Tuesday. Despite some recent gains, the stock has struggled over the past month.
What To Know: Netflix shares continued to slide on Tuesday, contributing to the stock's nearly 15% downtrend through September and October. The stock did gain over the past week, possibly due to a Wall Street Journal report suggesting the company plans to raise prices after the actors strike ends. However, shares pulled back over 2% on Tuesday.
Netflix is also set to report its third-quarter earnings next Wednesday, with earnings per share estimated at $3.50 and revenue estimated at $8.53 billion.
Related Link: Akero Therapeutics' Disappointing NASH Data Drags Its Rival
NFLX Price Action: Shares of NFLX were down 2.01% at $378.18 at the time of publication, according to Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.