I thought that by increasing the number of shares outstanding that there would be as much volatility. The Bid & Ask prices before the split were ridiculous. It was almost a full point difference. Price movements would change rapidly either way.
The stock took a nice move up and then totally retraced the entire move back to the pre-split adjusted price I bought. So within a week or two it went from 39 up 45 and back down again.
The insiders selling their stock isn't the best news but they have such large positions. It's the only reasonable way to sell portions of stock without holding the stock down by the overhanging supply by those sellers.
The stock is in an upward trend and if this company can continue to grow at such a rapid rate. The P/E's and other valuations won't look so richly valued.