https://finance.yahoo.com/news/insider-sale-evp-cfo-matthew-063627334.html
MF sold 9350 of shares last week. Earnings coming up, this can't be good if the freaking CFO is selling this many shares!!
13 replies (most recent on top)
I believe our execs are pocketing way too much money for their awful performance… but Jesus Christ there are so many financially illiterate people on this website
Acting on the same things you all know. Look around you.
Exactly scheduled or not as the CFO you are an expert at the 6-12 month horizon so, if you told your broker to sell at 96 within the next 6 month, you are acting on something….
yeah its scheduled but the fact the CFO makes a large sell like that at $95 speaks volumes... he does not anticipate it getting any better so why should you?
These are scheduled
There Are rules in place to plan sales in advance so this isn’t what you think it is.
SEC Rule10b5-1 plans are intended to limit the ability of insiders to trade opportunistically.
A 10b5-1 plan is a written agreement between a corporate insider and a brokerage firm by which the insider details the number of company shares to sell at particular prices (e.g., limit prices or market price) or at particular times. Such a plan usually lasts for between six and 18 monthsz
SOLD my WACK A-S NKE stock and bought ONON..
I miss the train for HOKA... but wont miss this one.
9350 shares is chump change for the C-suite. If you want to really get worked up over something, look at how much MM and MP made by selling off stock grants in May:
https://finance.yahoo.com/quote/NKE/insider-transactions/
@vfw the guy is a CFO of a Fortune 500 company. He takes a sh-t and gets paid more than any deductible. Please.
Maybe he hasn’t met his deductible and needed cash due to some medical emergency?
Or maybe some tree fell on his property and needed some home repairs?
There are very strict rules governing when executives of a company can buy and sell stock. It’s unlikely to be foul play.
A little bit of a flawed argument. One could always argue any CFO has insider information on company financials at all times. Therefore, any move that position would make can be perceived as under scrutiny based on company health. Anytime they sell people would assume something is going down and they are getting ahead of it because they know the financial information.
I would argue are they just never allowed to sell anything ever? I get the timing but if every time they sell people panic on stock price what should be the alternative?
How is he even allowed to do this? there is a blackout period before quarter-end?????!!!
WTF.....insider trading??!! he has privileged knowledge of Nike's financial performance