Sat, Aug 23, 2014, 4:31 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Netflix, Inc. (NFLX) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • alienallias2 alienallias2 Feb 5, 2013 12:07 AM Flag

    INSIDER JAY HOAG bails out

    Actually, director Jay Hoag sold 344,317 shares at $163.20 for $56,198,061. He bought those shares back in May of last year 200,000 for $72.55 and 143,400 for $73.06 for $24,986,627. So he made $31,211,434 in less than 8 months. 225% return is a great return on an 8 month investment. I'm sure he isn't complaining and is happy to have found enough hedge fund suckers to unload his shares to. I think if he believed the stock was going to go a lot higher he would have waited longer or at least would have only sold 45% of his position meaning that his risk would then be zero and the rest would be the houses money to play with. His dumping of the entire position tells me that he is a lot less optimistic about Netflix future than the momentum players out there who appear to love playing tulip mania. Any serious investor would not be buying at these levels. The stock is riding on hot air and there is no solid fundamental reason for Netflix to be sporting a $9.8 BILLION market cap!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
NFLX
479.19+7.14(+1.51%)Aug 22 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.