Recent

% | $
Quotes you view appear here for quick access.

Illumina Inc. Message Board

  • enricorusticali enricorusticali Jul 11, 2011 3:47 AM Flag

    Illumina insiders rush for the exit

    Illumina insiders sold 29.1% of their holdings in the last 6 months.

    http://finance.yahoo.com/q/it?s=ILMN+Ins...

    Just look at CEO Jay Flatly. He sold twice in December-2010, January, February,
    March, April, May and June, 25,000 shares at a clip. Interesting, he didn't
    sell any shares in Sept-Oct, 2010.

    As of June 23, 2011 he held 342,853 shares. Over the last 6 months he has sold
    roughly 300,000 shares.

    institutions sold 12%, prior quarter to last quarter

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Just remember insiders sell for many reasons- they don't need to explain- and as their portfolios become top heavy since the stock price has advanced, they may be looking for diversification (like all smart investors) OR they may be looking to take a heavy position in something else. The biotech industry in San Diego is rich with start-ups and money moving around. I wouldn't be too hasty deciding to sell based on an insiders. JF has had his fingers in many successful pies. He may just be funding something yu don't know about- yet.I followed Biogen $$ to Illumina and bought when it was less than $5. It iis easy to misinterpret insider sales transactions.The news with SQNM is significant for both companies. They compliment nicely and since I already own SQNM from sub $5, I am adding on today's pullback with this news, since I think the market isn't paying attention.

 
ILMN
169.21+0.22(+0.13%)11:03 AMEDT