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Congressman keeps buying Netflix stock despite it hitting a 52-week low, raising conflict of interest concerns.

Market News
22 Oct 2026
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Bearish
Congressman keeps buying Netflix stock despite it hitting a 52-week low, raising conflict of interest concerns.

Rep. Cleo Fields has made nine consecutive purchases of Netflix stock since October 2025, even as the price fell to a 52-week low of $65.04. His buying drew criticism due to his role on the House Financial Services Subcommittee on Capital Markets, raising conflict of interest accusations. Netflix's stock decline follows a weaker ad revenue outlook despite beating profit expectations, with analysts still optimistic about a recovery. Fields’ investments are currently underwater, and the stock’s future depends on whether Netflix can overcome its ad and growth challenges.

Netflix shares are trading at $67.23 on Pluang, up 3.37% in the last day, recovering slightly from its 52-week low of $65.04. The stock sees a balanced order flow with 53% selling and 47% buying, and a typical hold time of 127 days. These figures are current as of Oct 23, 2026 00:51 WIB.

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