Market Overview

Wall Street Fades Oppenheimer Price Target Increase In Netflix

Related NFLX
'Dr Doom': Even If The Dow Goes To 100,000, It Will 'End Very Badly' For Investors
In Honor Of GLOW, Here Are The Most Groundbreaking Women In WWE History
Nasdaq Reverses Lower: Top Internet Stock Dives Below Buy Zone (Investor's Business Daily)

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Netflix, Inc. (NASDAQ: NFLX) shares are trading lower by $2.40 at $660.80 in Friday's session. It's possible the Street used the recent price target increase by Oppenheimer to $800 to exit the issue.

The price target increase, from the desk of analyst Jason Helfstein, instigated a sharply higher open ($673.70 versus Thursday's close of $663.20). However, Netflix rallied a little more than $1 to $674.93, before reversing course.

So far, the ensuing decline has taken the issue through Thursday's low ($660.58), to $659.40 before rebounding back over $660.

Posted-In: Analyst Color Rumors Technicals Intraday Update Movers Trading Ideas


Related Articles (NFLX)

View Comments and Join the Discussion!