This Is What Whales Are Betting On Netflix
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Netflix (NASDAQ:NFLX), with 60% of detected trades being bearish and 40% bullish. Whales have been targeting a price range of $350 to $380 for Netflix over the last 3 months. Wedbush downgraded its action to Outperform with a price target of $410.
May 19, 2023 | 2:04 pm
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Whale investor's bearish stance on Netflix may impact stock price in the short term. Whales target $350-$380 price range, while Wedbush downgrades to Outperform with $410 price target.
The bearish stance taken by a whale investor, with 60% of detected trades being bearish, may put downward pressure on Netflix's stock price in the short term. Additionally, the targeted price range of $350-$380 by whales could influence other investors' sentiment. However, Wedbush's downgrade to Outperform with a $410 price target may provide some counterbalance to the bearish sentiment.
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