The Traderszone Network

Published in TZ Latest News 18 September, 2016 by The TZ Newswire Staff

These 2 Billionaires Sold $1.7 Billion of Netflix Inc Stock

Streaming Television Abstract
Image source: Getty Images.

Two billionaire hedge fund managers, Andreas Halvorsen and Chase Coleman III, tuned out of Netflix (NASDAQ: NFLX) in the second quarter, selling nearly 20 million shares for a minimum total consideration in excess of $1.67 billion. Coleman alone sold 18 million shares, exiting his Netflix position entirely.

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