https://www.nasdaq.com/articles/servicenow-ceo-sells-shares-is-it-time-to-worry
Those of us who have been at SAP for many years, know that Bill always knew when to hold them and when to fold them, especially when it came to his own money. He was always one step ahead and never one to be left holding the bag.
Now ( a coincidental pun on words) Bill just put through a monster sale on his company stock. Why would he do this? Does he see another market collapse coming? His sell off was so significant that the news sent the stock down by almost 3% and his sale was reported across the entire market. He knows something and the rest of us better find out what it is real quick.
What should we take away from his "cashing out" on his stock holding? Is it just related to Service NOW or is something about to impact the broader market.....what is Bill telling us?
I say Bill sees a catastrophe coming .. and it won't be good for him ( or anybody else) and he's getting ready for it. We should be preparing for another RIF even more significant than what we have now.