I don't know if the recent ASND insider trading has been discussed
but I got this from Schwab'a Analyst Center and was wondering if
anyone has heard from the company who sold 500 thousand shares this
month and the reason.
Vickers Summary of Direct Insider Transactions for
ASCEND COMMUNICATIONS INC
Current Month|Previous Month|Last 6 Months
Shares Purchased | 0| 0| 3,200
Shares Sold | 511,334| 34,998| 625,084
Total Shares Held | 2,659,789| 2,689,085| N/A
Mkt ValuePurchased| 0| 0| 119,800
Market Value Sold | 19,143,067| 1,310,238| 23,401,579
Tot Mky ValueHeld | 99,575,853| 100,672,622| N/A
I currently have a small long position in ASND and have been pleased
with the recent performance but I am curious as to why some insiders
have sold around 20% of their holdings in one month.
Any info appreciated, Martin. |
