Wall Street Punishes Netflix

You’d have to squint very hard to find good news for Netflix shareholders today, but here’s a try: At least the stock, which lost a staggering 37 percent of its value after Wall Street digested the company’s Q3 earnings, moved up just a tiny bit during the day. NFLX shares closed at $77.37, up slightly from its opening price of $74.88. Little consolation for anyone who owned the shares yesterday, when they closed at $118. Along the same lines: Former investor Whitney Tilson, who famously tried to short the stock during its go-go days, tells the Wall Street Journal he’s now a buyer.