Netflix (NFLX) Shares Dropped After Analyst Changed Recommendation To “Sell”
Aa
Share
Summary:
- Netflix is usually viewed as a blue chip stock, yet has been heavily affected by the broad market sell-off.
Netflix price dropped after analyst turned recommendation to sell
The Netflix stock price has plummeted 70% year-to-date amidst a broader market sell off that many companies in the market have been feeling the effects of. Netflix share price crashed in the wake of Goldman Sachs benchmark analyst turning Netflix’s stock to a “sell” from neutral on Tuesday and set a price target that was the lowest on Wall Street.
Netflix is usually viewed as a blue chip stock, yet has been heavily affected by the broad market sell-off.
NFLX Price Chart
Sources: finance.yahoo.com
