Pandora founder Westergren is no longer selling shares?
It seems clear that Pandora top gun Tim Westergren has suspended his monthly selling of Pandora stock. Beginning on January 2nd of this year Westergren had a plan in place where he would sell 85,000 Pandora shares on a monthly basis. It would have made more sense if that selling plan would have concluded in December for a full years worth of diversification of his personal wealth. There can be other way to spin this but as a bullish sign to Pandora longs that he has either temporarily suspended or permanently terminated this timed selling program. He still is holding more than 2/3rds of the common stock that he was issued at the time of the ipo about 18 months ago.
Could a buyout of Pandora be around the corner? No one knows. But, again, this is a positive sign regardless. My personal opinion is for any shorts reading this to move on to a better short prospect and cover your position...but that's just me. :)