For once, we agree with the insiders at Goldman Sachs. The company’s stock is a “Sell.” Okay, so the insiders didn’t exactly say their stock is a “sell,” but they didn’t need to. Their feet did all the talking. Last week, nine Goldman insiders scurried away from their stock as fast as the law would let them.
They cashed out $20 million worth of stock at an average price of $107.44. This is the very same stock (NYSE:GS) that Goldman — on behalf of its shareholders — spent $21 billion buying over the last five years. The average price of those purchases was about $171 per share….
.
Read more: http://www.businessinsider.com/goldman-sachs-is-a-sell-2012-2
No comments:
Post a Comment