New York, Feb 1, 2026, 11:36 EST — Market closed.
- Netflix shares edged up 0.4% on Friday but still closed the week in the red.
- A filing revealed that co-CEO Gregory Peters offloaded 105,781 shares following a preset trading plan.
- Investors are focused on the Feb. 3 Senate antitrust hearing related to Netflix’s Warner deal and the U.S. jobs report coming Feb. 6.
Netflix shares finished Friday’s session slightly higher, up 0.4% to $83.49. The stock dropped roughly 3% over the week, keeping investor attention sharp as Monday’s trading looms.
A regulatory filing revealed that co-CEO Gregory K. Peters sold 105,781 shares on Jan. 29, at weighted average prices of $82.8728 and $83.7538. After the sale, he holds 122,140 shares. The filing noted these sales occurred under a Rule 10b5-1 plan, a predetermined schedule executives use for trading.
The broader market slid Friday, with the Nasdaq dropping 0.94% as investors weighed new earnings reports and a hawkish tone from President Donald Trump’s nominee for the next Federal Reserve chair, Reuters said.
Deal risk continues to drive volatility in Netflix’s stock. A Senate antitrust subcommittee is set to hold a hearing on the proposed Netflix-Warner merger on Feb. 3. Meanwhile, rival bidder Paramount Skydance pushed back the deadline for its hostile tender offer to Feb. 20, according to Reuters.
In January, Netflix raised its bid to an all-cash offer of $27.75 per Warner Bros Discovery share, valuing the deal at $82.7 billion, after Paramount jumped into the fray. The Warner board endorsed the updated offer, Reuters reported. “This new agreement only ramps up the pressure,” said Alex Fitch, a portfolio manager at Harris Oakmark. Meanwhile, Matt Britzman, senior equity analyst at Hargreaves Lansdown, noted that “a cash bid strips away uncertainty.” Reuters
Netflix co-CEO Ted Sarandos said the updated terms “will enable an expedited timeline to a stockholder vote and provide greater financial certainty,” according to an SEC filing. SEC
But the road ahead remains complicated. A Warner filing revealed the U.S. antitrust review has triggered “Second Requests”—requests for more documents that typically prolong the process and increase the chances of regulatory remedies or legal challenges. SEC
Looking ahead, U.S. investors face a packed earnings calendar and the Feb. 6 monthly jobs report, Reuters noted. Walt Disney is among the key companies reporting, events that could sway sentiment on growth and media stocks as the Feb. 3 Netflix-Warner hearing looms.
