Fossil CEO buys 350,000 shares at an average value of $1.43 per share. Since the insider bought the share, the market started to feel confident and the share price went up above $2 Overnight, the new CEO has 100% return on the investment!!!. The share price has started to go down as the bubble cannot be sustained. Look out for more buys from CEO to make market think the company has a future!!!!!!. Ultimatley, the CEO will benefit from higher share prices!!!!!
4 replies (most recent on top)
Well, it’s better than the entire previous BOD not buying any stock, showing how little they believed in the company. At least the new CEO is investing. He won’t profit until he sells and I truly believe he is trying to show support so that others will also buy in. Nothing terribly nefarious.
At a certain salary point the write off on capital is a win-win. Re-investment of assets as a loss leader come income tax time.
Do you think this is what actually happened?
Where did you get this information?
We need more details about the Fossil bubble.
Only if he sells