We've all seen the stock ticking up...we know that means a major announcement for the end of 1Q is coming. Likely record layoffs next week. Then shart can report an uptick to the bottom line and a big reduction in costs. His cronies are already getting ready to cash in on the bump.
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anytime any of these guys makes a trade, be it wells Fargo stock or any other company they have to get pre clearance. this pre clearance also applies to many employees far beneath the C-suite who may have access to privileged information as part of there day to day job. with so much of executive comp tied to stock options, of course they will sell when doing so makes sense.
Where's the insider trading info?
good! I need a bump myself!
they already announced last December they are keeping between $750,000,000 - $1,000,000,000 money set aside for severance expenses.