Everything looked great. Revenue, bookings, profit, everything beat estimates. The stock popped to a four-year high. Then a bunch of insider sales filings came out. The co-founder unloaded a huge chunk of his shares that day, cutting his stake by more than 75%. The CEO also sold a big amount right around the same time. All of this happened right near the peak. I don't care if it's a planned thing. The story writes itself. Stock hits a four-year high, insiders sell millions, and now the stock is trading well below that high. I don't really believe in coincidences.
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