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Biotech / Medical : Arterial Vascular Engineering AVEI

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To: jbershad who wrote (69)3/6/1998 2:13:00 PM
From: Platter  Read Replies (1) of 410
 
Insiders at Arterial Vascular Sold Stock When Price Surged
By Laura Saunders Egodigwe

Summary: Seven officers and directors sold around 1.3 million shares valued at 71.3 million from Jan 8 to Feb 2 at $53.00 - $72.00 per share. Company officials couldn't be reached to comment. "The amount of selling increased rather dramatically as shares rose, and some of the insiders trimmed significant amounts from their holdings", says Bob Gabele, president of CDA/Investnet. "Their expectations may not be as high as those of some who are bidding the stock up".
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