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Netflix Stock Is Stuck In a Rut. How It Could Become a Surprise Reopening Play.

Netflix shares have been stuck in a rut for almost nine months. They won’t stay there forever.

The video streaming giant has been a victim of its own success, after business surged in the early months of the Covid-19 pandemic. Netflix (ticker: NFLX) added nearly 26 million net new subscribers in the first half of 2020, an increase of 15%. That was almost as many new subscribers as the company had added in the previous five quarters combined. As movie theaters, sports leagues, bars, gyms, schools, restaurants, and offices…

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