Netflix shares tumble 13% after weak sales forecast, hit 22-month low

Shares of Netflix came under heavy selling pressure in Friday’s trading session, 17 July, plunging 12.6% to a 22-month low of $65 after the streaming giant issued another muted revenue outlook, even as its second-quarter results broadly met Wall Street expectations.

If the losses hold through the close, the stock will register its biggest single-day decline in nearly four years.