Isn't there a middle ground between 'the sky is falling' and 'the sales are meaningless'? Three directors have divested 10% of their holdings in the last week. Taking some profit off the table is totally fine, especially given the run up this year.
But isn't it inconceivable that this would occur if a deal was a couple of months away? No one is more attuned to how close a deal is than the board, and if they're selling it doesn't mean anything is wrong, but it just doesn't fit with the investor community's timeline about when mega news is due. Why would three directors each sell $2 million of shares if they reasonably expected them to be worth $4 million+ in the next 8-12 weeks...?
Possible changes to the tax code don't get around this fact....
This isn't one director. It's three. It isn't thousands of dollars. It's millions. These transactions are fine, but are incompatible with really imminent, material news. If you saw this selling in another company you'd say 'no way is something mega just around the corner'. I think it's emotional attachment creating a blindspot.
Already preparing to be crucified for saying this.
Market Data 
Markets 
AI
