Alden registers 2% of the company (Total 700,000 shares)
He didn't pull the trigger on selling that stake previous registration. He obviously is looking to divest some of his ownership in the company. Not a positive reaction considering his new "promise" to be more active in the company OR he knows that there is positive news about to happen and he is going to try to capitalize on the news. Pick our poison...
Brokerage alerts. Remember this is not a FILING, just registering shares so he can (if he wants) sell them within 90 days. He did the same amount earlier this year and that has expired (unsold) Auto sales are not included.
I read into this that Alden wishes to divest some if his shares and is waiting for a share price increase to do so.
Also, this type of activity usually indicates not if but rather WHEN this will happen. Remember this is more then 10% of Alden's holdings.
These guys may SAY they are long and strong, but there is a HUGE amount of wealth being tied up in stock here.