Check the recent 8k filings with the SEC. Every exec has dumped mdrx stock in the last couple of weeks. Even the people at the top don’t have confidence in the company...the writing is on the wall
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Just contact SEC and report them. Do not just talk here. Let them pay.
What the 4 Congress members did was against the law (Feinstein sold more than all three combined).
But selling MDRX or any stock in the last 2 months is not CYA — especially considering 2019’s extreme 30% market gain. Anyone paying attention to COVID19’s wrath in China could see this crash coming (government response, economic effect, world economies inter-connectedness).
I took profits of $80K into cash on Feb 11th after realizing US infection threat would be from Europe. Will rebalance the portfolio with it when a bottom is perceived. I suppose some think that too is evil (buy low / sell high)?
Given the latest news about NC Senator Burr and GA Senator Loeffler dumping millions of dollars worth of stock before the seriousness of the pandemic was made public, it's no surprise that executives of a healthcare tech company would have gotten early notice that the market was about to crash.
This is the worst kind of CYA behaviour and is fundamentally immoral and unethical. At least we now know what kind of leadership we have at this company. Hopefully the SEC is looking into this.
How much of the executive purchase stock was left over shares sold by the former CFO?
How can execs sell or buy stock directly prior to the release of quarterly financial earnings
Look closer at the SEC Form 4 for the 2/28 ones.
- Award of service-based Restricted Stock Units granted under the Allscripts Healthcare Solutions, Inc. 2019 Stock Incentive Plan on February 26, 2020 (the "Grant Date"). The award vests 33% per year on each of the first three anniversaries of the Grant Date.
- Withholding shares solely to cover withholding tax liabilities in connection with the vesting of restricted stock units on February 27, 2020.
- Withholding shares solely to cover withholding tax liabilities in connection with the vesting of restricted stock units on February 28, 2020.
Black and Poulton just bought stock on 3/5 according the filings.