Netflix stock falls below 20-day moving average amid sell-off. Should you buy the dip?
Netflix (NFLX) shares are falling on Wednesday after regulatory filings revealed that Reed Hastings has offloaded more than 375,000 Netflix shares. On December 1, the co-founder and current president of the media giant sold 375,470 shares of NFLX. However, it appears that through a prearranged 10b5-1 trading plan, Hastings simply sold shares that were converted…