Netflix stock posted a modest gain, closing at $80.16 (+0.28%), successfully contrasting a broader market sell-off that saw the Nasdaq Composite fall by over 2% due to tech profit-taking.
- The widespread tech decline was triggered by fears of a 'SaaSpocalypse' following the release of Anthropic's AI tool, which erased $285B in software firm value.
- Director Reed Hastings sold 390,970 shares for $32.7M on 2026-02-02, prior to the recent dips.
- The stock continued its upward momentum in after-hours trading, reaching $81.10 (+1.17%).