Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 33.84 up so far this year. A EVP and GM, HP Software at Hewlett Packard Enterprise Company (HPE) sold shares in the company in a transaction completed on Tuesday July 19, 2016. Youngjohns Robert offloaded 8,622 shares in the company at an average price of $19.69 and ended up generating $169,770 in proceeds. Youngjohns Robert retains 0 shares in the company after this transaction. A SVP, Controller & PAO in the company, Ricci Jeff T, on Monday June 20, 2016 collected $112,110 from the sale of 5,830 shares at $19.69 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.http://reviewfortune.com/2016/07/26/the-insider-activity-dont-lie-hewlett-packard-enterprise-company-nysehpe-3/
3 replies (most recent on top)
When top administrators in any company sell their own holdings... it's a very bad sign for the health of said company.
Yeah, last year somebody mentioned that Meg and her cronies sold off $$millions (or was it $$billions?) in stock over a 6 month period... double checking on the available web sites, it turned out they were right.
I can't wait to leave this Company. As soon as I get an offer, I'll put my two weeks notice, and leave this mess.