Why Is Netflix Stock Falling on Monday?
Netflix Inc. (NASDAQ: NFLX) stock slips as market concerns over third-quarter revenue and earnings guidance outweigh Bill Ackman's new Pershing Square stake.
Netflix's stock price went down because people worry the company might make less money than expected this quarter, even though a famous investor named Bill Ackman just bought a big piece of the company. When people get nervous about whether a company will earn good money, the stock price usually falls, so that's something to watch.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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