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StockNews.com
Business
Subhasree Kar

Buy, Sell, or Hold in June: Netflix (NFLX)

NFLX Netflix DIS Netflix Inc

Netflix, Inc. (NFLX) is an established leader in the streaming world. Despite a longstanding stronghold on the industry, the entry of major companies such as Amazon.com, Inc. (AMZN) and Walt Disney Co. (DIS) has separated the streaming market into a highly competitive arena. Mounting competition and an increasingly divided market share pose a significant challenge for the company.

NFLX has been on a wild ride in 2022 as it started losing subscribers, pushing its stock to a multiyear low. However, it has rebounded sharply.

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