Reed Hastings Buys $20M in Netflix Shares Amid Stock Slump
THR, Esq. 2022-01-29
Summary:
As Netflix’s stock price tumbled over the past week, co-CEO Reed Hastings pounced. According to filings with the Securities and Exchange Commission Friday evening, Hastings purchased approximately $20 million worth of Netflix shares Thursday and Friday, paying between $379 and $393 for the privilege. The purchases (made through a trust that Hastings controls), suggest that […]