Netflix director Timothy Haley sells entire 11,090-share position for $8.4M on 2024-11-05
Director Timothy Haley executed 6 separate sales totaling 11,090 shares for $8,405,827.49 at an average price of $757.96 on November 5, 2024, reducing his holdings to zero. The sales occur as Netflix stock trades near its 52-week high of $78.02, with strong recent momentum (+11.2% over 30 days, +23.8% over 90 days). Haley's prior sales at Netflix in May 2023 both showed negative 90-day returns (-86.9%), indicating a 100% well-timed pattern at this specific ticker. While this complete liquidation by a director merits attention given the elimination of any residual stake, the timing against recent upward price momentum and Haley's demonstrated track record of well-timed exits warrant closer examination of the underlying motivation.