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Investor buys Netflix shares after 42% drop, betting bad news is priced in despite streaming sector doubts.

Market News
23 Sep 2026
24/7 Wall Street
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Neutral
Investor buys Netflix shares after 42% drop, betting bad news is priced in despite streaming sector doubts.

After Netflix shares fell 42% over the past year, investor Steve Weiss, who exited in June, has bought back in, seeing the recent sell-off as an overreaction. Despite caution about the streaming sector's challenges, Weiss cites Netflix's strong subscriber base, margin strength, and growing ad revenue as reasons the stock's price already reflects negative news. Netflix's Q2 2026 results showed revenue growth and a significant share buyback, but concerns remain about costly content and competition. Investors will watch Netflix's Q3 earnings report on October 20, 2026, for clearer direction.

Netflix shares are trading at USD 71.42 on Pluang as of September 24, 2026, down 1.03% in the last day. The stock remains well below its 52-week high of USD 124.13, reflecting ongoing market caution. Pluang users show strong interest with 88% of order activity being buys, indicating continued demand despite recent declines.

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