Netflix Stock Could Soon Stage a Rebound

Core Viewpoint - Netflix has experienced a recent decline from its record high, but remains significantly up year over year, indicating potential for recovery in the near term [1] Group 1: Stock Performance - Netflix shares have pulled back from a record high of $941.75 to$879.32, marking a 0.3% decrease and heading for its seventh loss in the last eight days [1] - Despite the recent drop, the stock is still up 81.2% year over year, suggesting resilience and potential for a rebound [1] Group 2: Technical Analysis - The stock is approaching its 50-day moving average after spending 80% of the last two months above it, with historical data showing a 63% chance of being higher one month later, averaging a 4.6% gain [2] - The current 12-month consensus price target is $858.29, which is a slight discount to current levels, indicating room for potential price-target upgrades [3] Group 3: Options Market Sentiment - Options traders have shown increased bearish sentiment, as indicated by a 10-day put/call volume ratio of 1.11, ranking higher than 97% of readings from the past year [4] - The Schaeffer's Volatility Index for Netflix is at 27%, placing it in the 9th percentile of its annual range, suggesting that options traders are anticipating low volatility [5]