Flynn and others sold 146,041 shares over the past week. The sales were all option-related. However, none of the options had expiration any sooner than 7 years from now so there was no real necessity for selling now.
You do realize how much of their net worth is tied up in this stock, right? And that there are only windows for sr execs to exercise, right?
This is a drop in the bucket. Probably looking at the economy and saying, "if this economy topples it takes everyone down....do I want to be safe and take a little out? YESSSSSS!"
Taxes are about to change for capital gains. I don't blame them for wanting to get some out before Uncle Sam starts taking a bigger piece of it. I'm surprised more officers in public companies aren't doing this before the end of 2012.
I agree with John on this one. If the earnings were going to come in low, they would be in so much trouble by selling their shares. To me, the only possible outcome is that earnings either is what they expected or it is above guidance. Anything outside of that and insider trading issues arise.
Sentiment: Strong Buy