Netflix Inc (NASDAQ: NFLX) shares are trading marginally lower by 1.05% to $322.90 Thursday morning. Morgan Stanley analyst Benjamin Swinburne maintained Netflix with a Equal-Weight and raised the price target from $275 to $300.
What's Going On?
Prominent market commentator Jim Cramer reportedly cautioned investors on Wednesday that the market is in a consolidation phase and is currently getting rid of “weak-handed investors.”