Netflix Is Down 42% in a Year and the Investor Who Exited in June Just Bought Back In - 24/7 Wall St.
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A seasoned investor who had previously exited Netflix in June, after a steep decline from $86 to $71, recently bought back into the stock at $71. He attributes this move as a tactical play against extreme sector negativity rather than a sign of conviction.
By Gerelyn Terzo
Published September 23, 2026, 8:08pm ET · 3 min read
Quick Read
- Steve Weiss, founder of Short Hills Capital Partners, bought back into Netflix after a Wells Fargo downgrade pushed the stock lower.
- Weiss had exited Netflix in June but witnessed a 17% drop without him before deciding the bad news was priced in.
- Despite being skeptical about the overall sector, he sees tactical opportunities.
(Sources: CNBC's Halftime Report, 24/7 Wall St.)