Wall Street Fades Oppenheimer Price Target Increase In Netflix

em>Joel Elconin is the co-host of

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Netflix Inc.

shares are trading lower by $2.40 at $660.80 in Friday's session. It appears that the Street used today's price target increase by Oppenheimer to $800 to exit the issue. The price target increase instigated a sharply higher open ($673.70 vs. Thursday's close of $663.20). However, it rallied a little more than $1 ti $674.93, before reversing course. So far, the ensuing decline has take the issue through Thursday's low ($660.58), to $659.40 before rebounding back over $660..