It’s about to get very ugly.
https://www.tradingview.com/news/tradingview:6bd38cae4f414:0-elevance-health-ceo-gail-boudreaux-sells-34-000-shares/
17 replies (most recent on top)
@2caf+1tEQC9ld Carelon is the “tech company”
Sweet summer child. Literally none of these things require seventeen million dollars, even all combined. Home renovations and top tier colleges are expensive, but not $17 million expensive. And does Gail even have kids?
Im sure she’s hurting for cash
I wouldn’t be surprised if a tech company is about to buy us up. Trim things up, send legacy tech to other vendors and sell.
Check out Humana, United, Optum and others, all of healthcare is going through "momentum of pivotal growth" to accelerate us to AI...alot of RIFs and leaders stepping down or gone.
she is almost 65. of course she's about to retire! who needs the aggravation of working in their twilight years. maybe she wants to spend more time with the spouse, invest in a new hairdo, etc.
And this on the same day
https://www.tradingview.com/news/tradingview:c3cde809e63d7:0-elevance-health-director-dixon-robert-l-jr-sells-shares/
c ya
Just my opinion, but I think she is about to step down. If you're planning on leaving the company, wouldn't you want to sell your shares at the highest possible return? She's not getting any younger and that would also explain the cryptic remarks she's made lately regarding big changes, etc.
8/8 will still happen, but if she steps down, we will probably get a bit of a break while they coronate a new CEO.
It just seems so unfair, we are waiting, wondering when the axe will fall and she knows and is not sharing with us poor worker bees that depend on these jobs
Maybe she is leaving and needed a little travel money
This is definitely suspicious. However—for those who are saying this is illegal— there are situations where insider trading is legal. She filed the required notice with the SEC so chances are this was not illegal insider trading.
Still weird as all get out that the CEO is dumping shares.
Lots of reasons corporate officers sell stock. Maybe doing some home renovations, or sending her kid to college (34,000 shares; must be some extensive renovations or a super elite college). Only one reason to buy shares; they expect them to go up in value. To sell now, after the recent big share price drop, likely means run for the hills. I too am concerned it’s going to be ugly in a couple of weeks.
It wasn't insider trading. If she sold it before second quarter results were made public (and the stock price dipped) - that would be insider trading.
It's sad that those of us who actually keep the company running don't get stock or stock options. The rich get richer while the rest of us worry about 8/8.
CEOs only sell that much stock when the ship is sinking !
I wanted to add...Isn't this insider trading if something goes down that she knew about and in turn sold this common stock. I am not a finance guru...just wondering. This makes me even more stressed about 8/8.
I just confirmed this on the SEC site. Market value of common stocks sold by GB is $17.03 million!!! Isn't this insider trading?