Is anyone concerned with the magnitude of insider sales of stock this month? I if I thought highly of my company and thought the stock price was undervalued, I would not be selling now.
Explains the drop in share price last week. Also increases the float and shares which are available to loan out to shorts.
Selling stock is not a concern. That is part of their compensation. Those shares were given to them. Buying stock (Which has happened last quarter) is positive as they are investing.
PE backers cashing out their investors. Not worrisome in my opinion. Market probably did react to this some but it also largely ignored the insider buys from the founder and chief accounting officer earlier this year.
List the insider sales you see.
Multiple sales by Greg Warnock and Jeff Kearlhttp://investors.skullcandy.com/sec.cfm