Netflix stock slips even after JPMorgan upgrade as insider sale hits tape
Netflix shares fell 0.8% to $96.27 in late-morning trading Tuesday, pulling back from recent gains. JPMorgan upgraded the stock to “overweight” with a $120 target, while Barclays reinstated coverage at “equalweight” and a $115 target. CFO Spencer Neumann sold 57,260 shares last week under a pre-set plan, SEC filings show. Paramount and Skydance announced plans to merge streaming services, increasing competitive pressure.