Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,408.50
(
-1.24%
)
US TECH 100
28,244.40
(
-1.90%
)
Dow Jones
49,526.17
(
-1.07%
)
Brent Oil
106.70
(
0.00%
)
Bitcoin
78,940.14
(
-0.14%
)
News Focus
News Focus
Post# of 30545
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 843
Posts 122988
Boards Moderated 9
Alias Born 09/05/2002

DewDiligence

Member Level

Re: DewDiligence post# 3191

Friday, 07/29/2011 10:13:13 AM

Friday, July 29, 2011 10:13:13 AM

Post# of 30545
CLB insiders sold about $29M of stock this week after the 2Q11 earnings report. I never like insider selling of any kind, but for CLB it doesn’t seem to be an indicator of a problem with the business fundamentals.

One year ago, immediately following the 2Q10 earnings report, CLB insiders sold $22M worth of stock (which I commented on in the prologue of #msg-53398546), but the stock soared afterwards and the business fundamentals have remained strong.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Where Real Traders Talk Markets

Join thousands of traders sharing insights, catalysts, and charts.

Join Today