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Cendant insiders recently on the sell side - Reuters Details Sales
A Reuters story by Daniel Bases, dated April 16, opens:
QUOTE
"As investors piled through the exit door at Cendant Corp. after it discovered possible accounting fraud, a review of the latest stock activity by company insiders showed top-level executives selling or announcing their intent to sell shares in recent weeks."
"Cendant's stock plunged 46 percent Thursday, closing at $19.06, down $16.56 a share on the New York Stock Exchange, after the announcement late Wednesday evening."
"From Jan. 22 through April 6, nine insiders sold or filed intentions to sell 4,065,361 shares in a price range of $37 to $39 a share, according to CDA/Investnet, a Fort Lauderdale, Fla.-based firm that tracks the stock activity of corporate executives."
END QUOTE
Remainder of story details sellers, dates, and number of shares sold at: biz.yahoo.com
Doug (no position in CD) |
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