Netflix stock set to recover some losses after its worst day in 2 years

  • Netflix was trading up roughly 2 percent in the premarket.
  • It shed 6.5 percent Monday in the stock's biggest drop since July 2016.
  • Standout tech stocks Square, Twitter and Stitch Fix also fell Monday.
Netflix CEO Reed Hastings.
Philippe Huguen | AFP | Getty Images
Netflix CEO Reed Hastings.

Shares of Netflix are set to recover some losses Tuesday after suffering the stock's worst day in nearly two years Monday.

Netflix was trading roughly 2 percent up premarket, after shedding 6.5 percent Monday — the stock's biggest drop since July 2016.

The stock was up roughly 100 percent in 2018 as of Monday's close.

Standout tech stocks Square, Twitter and Stitch Fix also fell Monday.

Square, which had been up more than 170 percent in the last 12 months as of Friday's close, shed roughly 6 percent Monday. Twitter had been up nearly 150 percent in the 12-month period before sinking as much as 5 percent Monday, before paring those losses to end down nearly 4 percent.

And Stitch Fix, which had gained nearly 60 percent in June, lost 10 percent.

The semiconductor sector also plunged — in tandem with the overall market. Chipmaker Micron shed nearly 7 percent. AMD and Nvidia each fell more than 4 percent.