I say it was Insider sale. Perfectly legal. Absorbed by the relative strength of the market.
Last day for Distribution. Dillard family waited for market to peak before releasing "EPS beat" news. SEC filings in a week or two will show how much they sell today and tomorrow. Market is forward thinking and very rewarding to insiders.
Yea I guess it makes sense for the Dillard family to take it private at $100 / share rather than at $5 per share in 2009.
About $130 million in cash flow and $120 Million was used to buy the common shares on the open market. Meanwhile you can see how much of Insider's compensation is tied to stock price (check insider activity). I predict a year from now common shareholders will be complaining about this practice (the ones who HOLD).
From $3 to $90 - an amazing job by Management and congrats on the earnings beat. Rich folks using the stock market to feel wealthy and shop again.
Agreed. Don't complain about markets being irrational when the Big Brokers know exactly how you are betting and they are waiting for you to give it all to them. Internet enabled this massive casino for day traders to lose all their money.
Market won't experience anything until after May OPEX. Too many people were betting on a decline by May and they must lose all their money first
Idiot short sellers. You might be right, but your way to early and stupid. If you bought puts you might as well kiss that money good bye. Fibonacci retracement of 78% says it goes to 245 before any pullback. If you can make it until then, then hold but get ready for some pain. I will sell only after it reaches 245 or if we see a market pullback.
If you don't like CMG. You probably sold a few shares short. Fine. Walk away from stock market for a few months and check on stock price to see if you were right. Don't get hooked to the crack pipe and buy puts week after week or month after month. You can't trade against the Computers. In other words you are destined to lose. Best strategy is buy and hold in Bull MArket or Sell and Wait in Bear Market.
If it goes above 360 today then that's a sure sign this will drop as fast as it rises. I like that trade so let it come to papa
Around 2:50pm dump, scoop, and buy 7 million shares! Nice job, right around timing of the Boston incident. Did anybody else think that looked awfully suspicious?! voice your concerns to SEC if you agree. Should be worth some investigation
My advice, wait until after earnings then pile on if you wish. 50% chance this jumps to 355-360 because of all the early sellers. Longs should also wait to sell until after earnings, you should have no problem getting out at 330 and probably 350+