- $4 shares are tumbling.
- Netflix took a hit in March after the $4 data breach.
- It took another hit after a Trump tweet threatening to crack down on Chinese investment into US tech.
Netflix shares were down as much as 4% Monday morning, to an intraday low of $283. The tech-heavy $4 was seesawing Monday morning, currently down 1.8%.
Netflix hit an all time high of $331 on March 9, and has since fallen as several events have given investors pause. $4 user accounts $4 on March 19. Netflix fell during that week, and then was hit hard again after $4, sparking fear among investors that such a move could hurt Netflix.
Netflix is down almost 9% in the past week, but up 41% year-to-date.