Retail traders were buying Netflix shares as the stock plunged more than 30%, Vanda Research says

Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022.
Michael Nagle | Bloomberg | Getty Images

Retail investors stepped in to buying Netflix's sinking stock on Wednesday, betting on a potential rebound for the streaming video company, according to Vanda Research.