paul, you re full of s---! Inst sold 6 mil sh., they own 74% of float which is about 131 mil. shares. That is a drop in a bucket. How the hell do you know what they bought it at? You don't even know difference between insiders and inst. Insider Berger sold 19,688 on Apr. 1, still owns 1.8 mil. shares. Fitzgerald sold 5,200 shares on Apr. 1, still owns199,355 shares. Haluska sold 3,400 shares on Apr.1 and still owns 73,901 shares. They sold these shares @ $18 + per share. Who knows why they sold, they mighr have needed a new home, car or mistress. Why are we back up today? Dip S---?
He really is full of ..it isn't he. LOL.Spoke to so called insiders about this recently. Advised "routine" need for some capital for family, mortgages, etc. NO BIG SECRETS!!! Shorts like this guy feed on hearsay, slander, etc.
Wrong! Do better research please. Net insider sales for the last 6 months were 253, 000 by 17 insiders. Thats an average of 2480 shares per insider per month. Most of these were probably set up sales (IE insider files to sell X amount of shares per month with SEC). Net institutional sales were 6 million which amounts to 5% of holdings. Go to Yahoo insider transactions and verify if you like.
As if 17 insiders selling isn't bad enough. That's probably everybody that owns stock in the company. Harvey approx 200k shares sold @$20-$19. Spin it as you may or bury head in the sand..this is not a positive. He'd never sell that much if thought it was going higher.