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Interesting to see who was responsible for driving SKEY's price up from the low 20s several weeks ago...13G schedules (required to be submitted to the SEC by those owning more than 5% of a company's stock) indicate it likely was Fidelity (as of 2/14/96, FMR held 2,233,462 shares of SKEY, or 8.74%, apparently a substantial increase from previous amounts); Putnam (as of 2/12/96, it held 3,723,210 shares of SKEY, or 11.56%); and State Street (on behalf of Met Life, I think) (as of 2/13/96, it held 1,581,400 shares of SKEY, or 6.28%). Although there is no question these numbers are not the same today, especially after Friday's huge sell-off, this gives one a good sense of how so few institutions can really drive a stock. And also how those Bostonians hang out together!!! (SKEY, FMR, Putnam & State Street are all in Boston). |
