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Hastings: Buy Low, Sell High

19 Mar, 2008 By: Erik Gruenwedel

There wouldn't appear to be much of a recession in Reed Hastings' immediate future. The co-founder and CEO of online DVD rental pioneer Netflix March 19 exercised a pre-arranged stock option purchase of 2,500 shares for $1.50 each. He then sold 10,000 shares the same day for $33.56 each, realizing a net gain of $331,850.

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