Seeking Alpha

Netflix spikes lower on downgrade to Neutral from BTIG

  • Previously trading near breakeven, Netflix (NFLX -2.8%) has sold off in mid-day trading thanks to the downgrade.
  • BTIG's Richard Greenfield launched coverage on Netflix with a Buy and $250 PT on April 15, when shares were trading at $173. With shares now above $300, he isn't as keen about the streaming giant's valuation.
  • In July, Greenfield co-hosted Netflix's post-earnings moderated live video talk. Will Netflix bring him back for a Q3 talk?
Comments (2)
  • slansite
    , contributor
    Comment (1) | Send Message
     
    Just another case where someone wants to get the price back down with a negative review so they can jump in.

     

    More manipulation!
    11 Sep 2013, 01:57 PM Reply Like
  • richernow
    , contributor
    Comments (46) | Send Message
     
    Manipulation? Who is the "someone" getting the price down?
    12 Sep 2013, 10:29 AM Reply Like
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