How come the steak cutter has dumped a huge a amount of shares last week, $2.5m to be precise! Has she taken VR?? Or is it CR?? Or has she gone vegan?? Or do they need the money to do up the new Florida crib? Seems odd to sell at such a c-ap price!
5 replies (most recent on top)
The shares cost them nothing, so it is free money to buy extra homes, expensive steak knives, fine dinners, and possible penance from purgatory.
They will sell these shares when they can make the most money thus it is a good indicator that our executives expect the stock to drop soon.
Bagging as much $$/££ shares as she can before share price may tank even further down over time
She is selling up now before the share price hits rock bottom.
They don't need the money. Playing a few million on the DXC lottery is just weekend entertainment.
They've got plenty rolling in from all their stock options and bonuses achieved that are not based on actual customer experience, growth, business value or performance, but financial targets - and even those are being missed.
I guess she was hanging on for greed assuming the stock would get higher, but it fell (ho ho) to the rock bottom of the 40's and only just managed to struggle back into its wobbly indecisive average of 55 where it could stay for a week before falling again. But at least we know where the bottom floor is now. So best dump the shares while the line is stable and prepare for retirement. Time to cash the chips in and go home.
New steak cutter from marketing...