A bunch of execs from FB on down just sold millions of dollars of stock ahead of earnings next week. They sold at $142. You should too, if you have any to sell. Do what they do. Happens every year. Stock takes a dive after earnings but they’ve already cashed out. If you are on a vesting plan - too bad. Last year’s allotment vests after earnings.
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I sold my remaining stock recently. I couldn’t hold on to the propaganda of this company being a robust money making machine when I see under the hood each day. I just couldn’t stomach it anymore so I will invest in something I believe in.
The share price gains are great for those who were patient enough to wait. It was absolutely clear from the beginning that KKR owned a ton of this stock as a result of the FirstData-Fiserv combination since they held so much FDC stock from the beginning. So now that they have either completed or at least paused their sell-down, more natural market forces are recognizing that FI is an earnings machine whose dominant position in an attractive, resilient market will pay off long-term. As an Old Fiserv employee who retired 6+ years ago, but held on to the stock because of its fundamentals, I couldn't be happier with what seems to be happening now. (Notwithstanding the horror stories about BH, which one must assume will motivate management to act responsively.)
If Chernobyl was a company…
I watched and waited patiently and finally sold all my shares when it hit 144. After fees, looking at a check for about 57k - minus capital gains taxes. Either way I'm glad I did this and walked away with a very nice piece of change.
I sold my measly ~4k shares in the upper 130's and could not be happier.
Whatever happens with unvested happens, it ain't that much anymore.
Look at the SEC filings - the recent selling on 1/29 was for options granted in 2021 (3 year vesting). Don’t think it is a coincidence FB scheduled the earnings call after his options vested. The stock usually dips after earnings.