Netflix stocks fall 8.5 per cent to $362 in worst week since 2016

A four-day slump in Netflix after disappointing second-quarter earnings has pushed the shares below one key support level and left them testing a second.
 

Netflix fell as low as $344 on Tuesday after the streaming-video company’s forecast for subscriber growth trailed analysts’ estimates. That was a hair’s breadth from their 100-day moving average, a level they’ve mostly remained above for the better part of two years.

The stock swung between gains and losses Friday but never broke above the 50-day moving average, which has been a support level throughout the on-again, off-again market rebound from this year’s correction. It closed