Fri, Aug 22, 2014, 4:58 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

ImmunoGen, Inc. Message Board

  • jrus2010 jrus2010 May 2, 2011 3:48 PM Flag

    Continued selling by ex-CEO

    Mitch Sayare continues to sell. He hasn't seen these prices for a decade, and if a financing occurs he can kiss these prices good bye. Yeah, automatic selling...right.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Mitch is a smart man, and managed to sell about 25% of his holdings before this financing was announced. Its worth noting what happened last time IMGN did same type of financing in May 2010. Stock was down 20% by 3 trading days later and still had not recovered 3 months afterwards to pre-financing levels.

    • LOL, it took me a second, i was reading your post and thinking, the last thing I would buy is cedar chips, LOL.

    • If you were that flush with crazy money wouldn't you be tempted to spend it all on hookers and blow? Or maybe he will just put the cash in a modest mutual fund to grow it a bit more. I wish I had decisions like that to make. I would probably buy a bunch of cedar chips, a gold plated exercise wheel, and and have a Chihuly water bottle custom made for my habitat. And maybe one of those great big hamster exercise balls I could roll around the place in.

      Chinese Hamsters

    • Never met a rich man who didnt want more, the more I make the more I feel I just need a little more. When I had nothing I thoght how wonderful it would b to have 10k saved, when I hd 10k I thought how wonderful to have 20k

    • If you will read the footnotes to the Form 4 you will see:

      "The transactions reported in this Form 4 were effected pursuant to a 10b5-1 trading plan executed by the reporting person on February 10, 2011"

      Thus, Mitch made the decision to sell long before the share price took off.

    • As I understand it He married into a very rich family and needs for not.

    • Let's see 110K shares x $13 a share is about $1 million after taxes. For me, that would buy me a nice house, and a couple of very nice rides to put in the garage. And I still would have 400K shares still left to sell later on?

      When exactly should an ex-CEO take his profits. Don't forget as a company officer he likely made some nice coin just in salary and other deferred compensation. Also, as an ex-CEO he is still subject to trading on any insider information, but since he is an ex-CEO why would he have access to critical informaiton any longer? He is doing the diligent thing and diversifying out of a huge position in a single stock. Nothing more. You would do the same, especially as you point out we are multi-year highs and the overall stock market is looking a little tippy these days.

      Chinese Hamsters

    • Sayare continues to sell. Since March 2011, he has unloaded 90K shares and just registered another 20K shares to sell yesterday. This is over 20% of his holdings that he has now unloaded.

    • I hope he doesn't sell all of them before it pops big time:)

 
IMGN
11.52+0.03(+0.26%)4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.