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U.S. Bancorp Message Board

  • NewsTraders NewsTraders Oct 9, 1998 10:56 AM Flag

    US Bank National Assoc. to sell 114,000

    (NewsTraders) -- U.S. Bancorp (USB) shareholder
    U.S Bank National Association registered to sell
    114,000 shares of common stock on October 5 with a market
    value of about $3.9 million, according to a Form 144
    released October 8 by the SEC.

    There were no
    further details about US Bank�s holdings.

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    • Check out the Insider Trading info available here
      at this site. You see a lot of US Bancorp Capital
      Accumulation sales and US Bank National Association sales. The
      Capital Acumulation is the name for the employees 401K
      plan (Capital Accumulation Plan or CAP). Employees can
      realign funds on a daily basis as of 9/1/98 prior to
      which it was monthly. Don't know how accurate the
      Insider Trading list is as I'd imagine there would be
      daily transactions and purchases and not just sales.
      But maybe the sales and purchases are netted on the
      reports. Regardless, based on the sales of the CAP, you
      have to wonder if employees have lost some confidence
      in the stock.

 
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