Run In Netflix Takes A Breather On Downgrade (NFLX)

Netflix NFLX has been extremely volatile over the last month. The stock fell below $100 in the days after a disappointing earnings report on July 21, but then rallied to over $140 by August 17th accompanied by very big volume. It looks like the move in NFLX has petered out for the time being, with the shares losing 5.35% on Wednesday on heavy volume after an analyst at Morgan Keegan downgraded the stock from Perform to Underperform. If you are a short-term trader, continue to watch NFLX. More big moves would not be surprising given the recent volatility and volume surges in the name recently.