Netflix (NFLX) NewsBite - Collins Stewart Starts NFLX at Buy
Posted: Tuesday, November 17, 2009 2:04 PM EDT
By: Market Intelligence Center Staff
Netflix (NasdaqNM: NFLX) opened at $59.47. So far today, the stock has hit a low of $59.01 and a high of $60.82. NFLX is now trading at $60.32, up $0.86 (1.45%). Over the last 52 weeks the stock has ranged from a low of $18.23 to a high of $60.38. Collins Stewart inintiated coverage on NFLX today, starting the stock at Buy with a $73 price target. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for NFLX. If you are looking for a hedged play on NFLX the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Netflix (NFLX) Stock ReportSee what our analysts have uncovered about Netflix (NFLX).