Wouldn't it have made sense for the company to have been proactive in putting out some explanation for the selling? They should have been smart enough to know that this could very possible be construed in a negative light. In my mind it's an example of management seemingly "not getting it" when it comes to expected communication from a professionally run public company.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.