Netflix stock prices dropped from its record-high of $691.69 in October 2021 to under $170 in mid-2022, when the stock market had a terrible year amid recession fears and the US Fed's aggressive monetary tightening campaign to curb raging inflation. The Fed's move led to record interest rates that remain elevated.
However, the tech-heavy stock has bounced back stronger since then and appears to be on track to reach a new record high. Netflix is trading at $610.52 as of writing this article.
