YAHOO! (YHOO) is a stock that has held up extremely well during the recent market downturn. "I continue to be impressed by the fact that levels of insider selling have been very, very low," said Mr. Columbus, thus confirming the underlying strong fundamentals of the company.
Only two YAHOO! insiders have sold their shares since February, he said. Nazem Furzad, the company's senior vice president, sold 60,000 shares, and John Place, vice president and general counsel, sold 10,000 shares. Those shares were sold between $189 and $215.90.
Craig Columbus'
Insider Trading Snapshot
P.S. Buying Aug 200 or 210 may not sound a bad idea..Ike
"The lack of insider selling may indicate that YAHOO! will retest the April highs of around $244 on any kind of summer rally in Internet stocks," Mr. Columbus noted. –LK
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