Yesterday, April 20th, Netflix stock dropped $122 or -35%. It is safe to assume most people have heard of Netflix. Netflix is well known among investment professionals.
Of all the questions being asked about Netflix: How many subscribers will they gain/lose in the future? How much will they spend on content? Will they raise fees? How will consumers react when passwords can no longer be shared?
What question is not being asked?
How can a company so widely followed drop -35% in one day?
It is hard to tell the difference between luck versus skill.
This post is for informational purposes only. Please contact your investment professional for advice.