This article talks about a trend where Cisco SVPs are selling Cisco stocks but none of them are buying them.
This is very concerning and a sign of SVPs giving up.
https://finance.yahoo.com/news/insider-sale-svp-chief-accounting-051519689.html
8 replies (most recent on top)
What else are you supposed to do when you get thousands of shares for free? Hold them forever?
When you get your $500K-$1,000K salary from Cisco and hold $3M in Cisco shares, you should sell many of them to diversify your risk.
Exactly the kind of article that Anandtech founder was complaining about when he left. (The website is closing down now) - mostly autogenerated news and no real substance. I agree no insider buys - but think about the kind of stock grants those people will be getting - the SVP in the article sold 3300 and still holds 47k - who will buy more cisco with that kind of holding ? There’s a lot of bad stuff at the company now - bad leaders, toxic culture , S1 and so much more but I didn’t have to waste time on that particular article!
They don’t trust themselves and know this is the best time to sell.
If Chuck and ELT believed Cisco has a future they would lay out real money and buy stock which would send a powerful message to both employees and the outside investor community
Even SVPs need to diversify their portfolio and balance market risk.
No reason for them to be buying, they get plenty for free.
Pretty sure this is because they have to pay college tuition for their kids, oh and to buy bread and eggs in these inflationary times 😝