Is Netflix, Inc. (NASDAQ:NFLX) Going To Recover Anytime Soon

tags: NFLX,FB

Netflix, Inc. (NASDAQ:NFLX) had a great run in the end of last month, registering a total of six consecutive sessions of gains and breaking above the $100 per share mark once again. Unfortunately, this month hasn’t gone all that well and the internet giant has lost about $15 of the price that it had in the end of May.

The Brexit vote certainly didn’t help NFLX, as 60% of its international revenues come from Europe, with a third of that from the United Kingdom. This is certainly going to have an effect on the company revenues, especially after the historic loss that the pound experienced in the day after the vote.

We saw NFLX drop 3.51% in Friday’s trading and lose another 3.52% during yesterday’s session, closing at $85.33 per share. The daily dollar volume stood at $1.18 billion dollars, which is just around the average.

Still, NFLX seems to be making a recovery in today’s trading, just like Facebook Inc (NASDAQ:FB). There are still a lot of uncertainties about regulations and how they will affect such companies and their valuation, so you should be careful when planning your trades.