Netflix Stock Drops Again
Netflix's share price has plummeted following the publication by the US presidential administration of a phased plan for economic recovery, including for the entertainment industry. According to Variety, the drop was 3.7 percent. The rebound is said to be due to market analysts convinced that enthusiasm for the stock was excessive. Thus, this provided Netflix with a current market capitalization of $ 185.6 billion. On the contrary, Walt DIsney shares went up after the release of the details of the government program. The growth was 4.5 percent, and the total market capitalization exceeded $ 192 billion. Note that, according to the order of the White House, After a 14-day period of decline in COVID-19 cases, state governments will be able to move to reopening large facilities, including cinemas and seating restaurants. Naturally, provided that all required security protocols are followed. North American cinemas are expected to begin opening massively in July 2020. However, they may face a lack of sufficient movies to bring viewers back. The Topic of Article: Netflix Stock Drops Again. |
