Netflix CEO’s buys $20 million worth of shares
Netflix Inc. Ceo’s Mr. Reed Hastings bought $20 million of shares just days after a disappointing subscriber’s projection sent the stock tumbling down
Netflix Inc. Ceo’s Mr. Reed Hastings bought $20 million of shares just days after a disappointing subscriber’s projection sent the stock tumbling down
Hastings purchased 51,440 shares at an average price of $388.83 each on Jan. 27, according to a regulatory filing Friday, according to Barron’s reports
The stock was purchased on behalf of family trust fund.
The transactions increased his beneficially owned shares by 1% to 5.16 million, source finds
Netflix tumbled last week after the company projected subscriber sign-ups,were well below what analysts had been anticipating.
The forecast indicated that the company’s new customer acquisitions may be slowing, amid growing concerns of inflation
On the contrary, Forbes reports that the hedge fund manager, Bill Ackman underscored his faith in the company this week by announcing a new 3.1 million-share purchase in a letter to investors
