Netflix Inc. (NASDAQ: NFLX) was one of the most innovative and revolutionary companies in the early 2000s, with remarkable success in the media and entertainment industry, often blamed for the serial closure of hundreds of retailer stores from the former industry leader, Blockbuster (NYSE: BBI, from 1999 to 2010).
Interestingly, its “subscription video-on-demand over-the-top streaming service,” Netflix, started to gain relevance in 2010 after reaching a five-year deal worth nearly $1 billion to stream films from Paramount, Lionsgate, and Metro-Goldwyn-Mayer.
NFLX shares surged in 2013 in an aggressive uptrend that ended up with an all-time high of $700.99 per share, followed by an aggressive price retracement to $175.51 per share in 2022, which is now half recovered.
Notably, Netflix stock registered massive gains superior to 1,600% per share in the last 13 years (since September 27, 2010). Moreover, the company faced a 7-for-1 stock split in 2015, increasing even more the gigantic positive results for early investors — making $1,000 purchased and held since then, worth around $120,000 at the time of publication.
Netflix stock price analysis
Meanwhile, NFLX is trading at $374.68 per share, with 0.77% losses in the last 24 hours, for a short-term downtrend since July 2023 that is showing continuation after a small retrace in the first week of September.
Netflix Inc. mostly followed the US stock market in the last months, for accumulated gains of 25% in the year, going from $298.06 per share on January 3, to current prices.
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Source: https://finbold.com/heres-how-much-a-1k-investment-in-netflix-stock-in-2010-is-now-worth/