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Netflix Shares Slip After Heavy Insider Selling Pressure
Netflix stock fell after insiders sold $780 M worth of shares, significantly reducing internal holdings and spooking investors.
Netflix stock dropped sharply following fresh disclosures showing insiders sold roughly $780 million worth of shares over the past year, including recent sales by its co‑CEOs and CEO. With 14 insiders selling and no buys, insider ownership stands at just 1.37%. The heavy off‑loading has spooked investors, adding to pressure on the share price amid a tepid subscriber growth environment.