Netflix Stock Rises After Eight-Day Losing Streak. What’s Fueling the Move.

Netflix shares rose 1.6% to $82.79 after Canada’s government reversed a regulator decision that would have required U.S. streamers to funnel 15% of Canadian revenue into Canadian content. The policy reversal provided a near-term catalyst that could snap an eight-day losing streak tied in part to co‑founder Reed Hastings’ announced departure and recent insider sales. Netflix has slid 23% since April 16, is down 11% year-to-date and off 33% over the past 12 months, yet Wall Street remains constructive: 56 analysts have an average Overweight rating and a $116.33 price target (roughly 40% upside). The article frames the move as policy-driven market impact amid ongoing corporate/governance shifts.