Netflix (NFLX) Pops into Positive Territory Following CEO Hastings Transaction
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Netflix (Nasdaq: NFLX) switched gears this afternoon, following a filing of a transaction conducted by CEO Reed Hastings.
Pursuant to his Rule 10b5-1 trading plan, Hastings acquired and disposed of 5,000 shares of Netflix common. The shares were acquired for $1.50 each, or about $7,500, and sold at $235.38 each, or about $1,176,900. Both transactions don't include fees, commissions, or taxes, as reported.
Shares of Netflix have moved into positive territory following the filing, now up about 0.1 percent.
Pursuant to his Rule 10b5-1 trading plan, Hastings acquired and disposed of 5,000 shares of Netflix common. The shares were acquired for $1.50 each, or about $7,500, and sold at $235.38 each, or about $1,176,900. Both transactions don't include fees, commissions, or taxes, as reported.
Shares of Netflix have moved into positive territory following the filing, now up about 0.1 percent.
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