Shares in what is one of the most popular streaming services are down by over 20% year to date and nearly 42% from their 52-week high. Netflix and its lumpy drop since 2025A year ago, Netflix traded for as much as $126.71 per share. Backing out of the takeover battle brought relief to investors, who were concerned Netflix was overpaying for the media conglomerate. In the past, shares have rarely traded at such a low multiple for long. Netflix still has board authorization to buy back up to $27.1 billion worth of stock, representing nearly 9% of its market cap.