3 ms·
It's not like the CFO has any more information than they do.
by kurthr 3y ago
It's not like the CFO has any more information than they do.
- wodenokoto 3y agoWell, he had to sell them _after_ the fact. But it does sound like his opinion on the cut downs is different than the market.
- kurthr 3y agoDidn't the stock price go up _after_ the fact? It's about being able to predict what happens in the future that matters, unless you're supposing that he would have bought immediately before the announcement and sold after.
- blasphemers 3y agoNot necessarily, the article didn't say what percentage of his stock he sold. It's pretty normal risk management to diversify your portfolio and he could have just needed the cash. Interest rates are pretty high right now, maybe he wanted to pay off something instead of using his line of credit.