Shares of Netflix Inc. were up more than 4% in active premarket trade, with about 500,000 shares traded, after finishing the previous trading session up 2% at $87.66. Late on Monday the Los Gatos, Calif. company disclosed in a filing Director Jay Hoag spent $51.9 million to buy 600,000 Netflix shares at at weighted average price of $86.43 each, from Thursday through Monday. Separately, Chief Executive Reed Hastings disclosed late Monday that he exercised options to buy 116,431 Netflix shares at a price of $2.86 a share. He sold those shares at a weighted average price of $86.59, to net a profit of $9.75 million. Netflix shares are down more than 23% in the year to date, underperforming the S&P 500 Index , which is up more than 6% in the year.
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