Netflix, symbol NFLX, is trading higher this morning on news that Director, Jay Hoag, purchased 600,000 shares of $NFLX for a whopping 52 million. Separately, Chief Executive Reed Hastings disclosed late Monday that he exercised options to buy 116,431 shares of Netflix.
Couple that in with Gene Munster comments on Bloomberg this morning, and you have $NFLX trading as high as $92 this morning.
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APPL buying NFLX makes sense; APPL buying TSLA is laughable