Jim Cramer on Netfllix: “It Shouldn’t Be Down 11%”

Jim Cramer weighed in on Netflix (NFLX), arguing the stock appears oversold after sliding roughly 11% (he cited seeing it at about $83) and saying “it shouldn’t be down 11%.” Speaking on Mad Money, Cramer stopped short of a full buy recommendation, calling it a “quizzical moment” and urging investors to wait one more quarter—citing an “ill-fated” pursuit of Warner Bros. Discovery as a driver of concern. The comments are market commentary that could temper further selling while keeping investors cautious ahead of upcoming results; Cramer signaled he will follow up, which may draw attention back to the name and influence short-term sentiment and flows.