Netflix had a bad year.
GlobalData
They fell off FAANG (which was then changed to MATANA) and the stock continues to show weakness as it currently trades at approx. 50% off its all-time highs. As the stock sold off, it found support at 2017 levels of $170.
At those levels, investors decided to buy in once again as the stock was trading at a mere quarter of its share price as compared to a year before.
Since then, the stock has managed to recover where it currently trades at $320 at the time of writing. While the reasons for the sell-off were plentiful, investors often ask if the fundamentals of the stock changed during the process.
Enter; Wednesday
The newly launched series ‘Wednesday’ has officially overtaken fan favorite ‘Stranger Things’ in their first week of launch by clocking almost 341.2 million hours of global viewing times compared to Stranger Things’ (S4) 335 million views....