Netflix (NFLX) Shares Dropped After Analyst Changed Recommendation To “Sell”

The Commodities Feed: Anticipating LNG Strike Action and Market Dynamics

Summary:

  • Netflix is usually viewed as a blue chip stock, yet has been heavily affected by the broad market sell-off.

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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.

Netflix (NFLX) Shares Dropped After Analyst Changed Recommendation To “Sell” - 1 NFLX Price Chart

Sources: finance.yahoo.com

The Commodities Feed: Anticipating LNG Strike Action and Market Dynamics

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.