Maybe she knows something you and others on this thread don't?
>>a message for Joy Covey, CFO of AMZN, who keeps selling her insider shares as soon as she get them....
"Among those cashing in were CFO Sandra Cochran, who beneficially owns 92,928 shares and exercisable options, according to CDA Investnet, which tracks insider selling. In the December filings, Cochran filed to sell 69,928 shares, or about three-fourths of her shares and exercisable options. In theory, a CFO should have the clearest view of a company's financial health, so when a CFO files to sell the vast bulk of his or her holding, it can raise alarm among investors.
"I wouldn't think that's a very encouraging sign," says Paul Elliott, a research analyst for CDA Investnet. "It seems that they don't feel confident that these prices are going to stay where they are or go higher."" |
