The SEC forms show that insiders Benson and Coyne both sold more than a quarter million dollars worth of shares on Oct 22 in the $52-53 per share range. Unfortunately for us, the trades weren't reported until Oct 24, a day after the bad news was released. Isn't that illegal insider trading?
Nice reply. To me, it's just inherently suspicious that an insider could dump shares a day before earnings are released, and then the transactions aren't reported until a day after bad news becomes public.