I was looking at my trading blotter, as I just re-entered PBR below $11 a share. The last activity for me was selling it at $33.211 on 6/10/2011. You are right, PBR should not be allowed to trade on the NYSE, as it is controlled and has been ruined by the govt. of Brazil. These guys will never learn.
It wasn't a small amount sold and it isn't for tax purposes. Options, being an income item have withholding at the 49% level.
looks like from reading the Form 4 that they acquired the stock one day and disposed of it the next. Option stock is treated (and taxed) as an income item for these guys, so it basically is used to compensate management and dilute shareholders.
might as well add S, JCP, and ARO to your list.
RBS. bought high, now giving assets away. TD still submitting bids for Citizens, all too low for RBS. What a mess!
they obtained their desired result though, of slamming the stock down. I agree the research was just #$%$ and the stock will come back from this.
as L is in charge. The Tisch Brothers screwed all the minority shareholders by cutting the distribution. They did not do it by mistake. Their value has dropped by 2.25 billion, but this is acceptable, as they will wait it out, the value still being there, until the unit price comes back. The endgame here, is probably to take it private.
M* did not have it as a hold and they don't have it as a buy. They went from a three star to a four star based on valuation.
that counted the blurbs on FB. There were 88,000 positive comments and 46,000 negative comments as concerns LULU. An increase of 12% from the last time they did this 'highly scientific' activity. Great stuff CS!