Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Aditya Raghunath

Cathie Wood Just Bought the Dip in Netflix Stock. Should You?

Cathie Wood's Ark Invest purchased Netflix (NFLX) shares for the first time after the stock dropped 10% following third-quarter earnings results. The Ark Next Generation Internet ETF (ARKW) acquired 15,756 NFLX shares worth $17.5 million, making Netflix the fund's 40th-largest holding with a 0.77% allocation.

The streaming giant missed earnings estimates due to a one-time charge related to a Brazilian tax dispute. Wood's move indicates confidence in Netflix’s long-term potential despite near-term volatility.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.