Home Picks Investors Groups Discuss! Research

Search

Sign Up   |   Log In   |   What is SocialPicks?

Brent Archer Return Risk -61.83% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed NFLX n/a Via BloggingStocks:   Filed under: Bad news, Insiders, Netflix, Inc. (NFLX), Options, Technical Analysis Netflix (NASDAQ: NFLX - option chain) stock is trading lower today after the company reported some recent insider selling. According to SEC filings, NFLX Director Gregory Strangre sold over 19,000 shares of NFLX on Wednesday for $54.48 per share. He and other insiders have combined to sell more than $2.2M of NFLX stock in the past week, which could be interpreted as a bearish sign for the company. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on NFLX. This morning, NFLX opened at $54.96. So far today the stock has hit a high of $55.84 and a low of $54.00. As of 11:50, NFLX is trading at $55.26, down $1.13 (-2.0%). The chart for NFLX looks bullish and S&P does not currently have a STARS rating for NFLX. Continue reading Netflix (NFLX) recent insider selling tops $2.2M Netflix (NFLX) recent insider selling tops $2.2M originally appeared on BloggingStocks on Fri, 06 Nov 2009 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

Be the first to comment on this story and earn 2 points.

IN THE PRESS

About  |   RSS  |   Feedback  |   Contact Us  |   Terms of Service  |   Privacy

© 2009 FinancialContent Services, Inc.

Data powered by FinancialContent.  All Rights Reserved.   Quotes delayed at least 20 minutes unless otherwise indicated.

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.