Any comments on TJR selling $51.3 million worth of CY stock?
News found on my Scottrade account:
Cypress Semi CEO Sells $51.3M Worth Of Company Stock >CY Thursday 10/25/2007 11:38 AM ET - Dow Jones News DOW JONES NEWSWIRES Cypress Semiconductor Corp. (CY) President and Chief Executive Thurman J. Rodgers sold according to a regulatory filing Wednesday. This is the largest stock sale by a company insider based on the dollar amount of the transaction, according to data provider Washington Service. In a filing with the Securities and Exchange Commission Wednesday, Rodgers reported selling about 1.53 million shares from Monday to Tuesday for an average price of $33.58 a share. He reported direct ownership over 470,025 Cypress shares after the transactions. Company shares traded Thursday morning at $34.70, down $1.16.
Any comments or rumors on TJ retirement , selling of Cypress or... bad news?