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Lead DevelopmentFACT · 4/5•13 Jul '26•Via CNBC Investing

Netflix Stock Risks Breaking $70 Support This Week

Netflix faces downside risk as it prepares to report second-quarter results post-market on Thursday, with NYSE insider Jay Woods warning the stock could slide below a key $70 support level. Woods noted Netflix has fallen about 40% over the past year, has sold off after each of its last four earnings reports, and cited chart patterns that could signal a larger breakdown toward $57 if $70 fails. Woods also flagged other events to watch this week: earnings from Johnson & Johnson and Fifth Third Bancorp, testimony from Federal Reserve Chairman Kevin Warsh, and upcoming BLS CPI and PPI releases.

•Netflix is scheduled to release second-quarter financial results post-market on Thursday.
•Jay Woods said Netflix shares could slide below the critical $70 level and, if broken, could test $57 on a longer-term basis.
•Netflix shares have fallen roughly 40% over the past 12 months and have sold off after each of the last four earnings reports.

Entities:Netflix Warner Bros. Discovery Johnson & Johnson

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