January effect?The stock market sell-off is being blamed partly on corporate insiders, who have been getting rid of shares since 2004 in one of the longest market unloading Unloading Selling securities or commodities whose prices are dropping to minimize loss. sprees. Insiders have enjoyed two years of lucrative stock sales, with $41 billion worth of insider sales to the public in 2004, a 40 percent increase from 2003, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings . By comparison, insiders bought just $1.45 billion last year, the second-lowest level since 1996. In the past 90 days, seven executives at Amgen Inc. have sold a combined $28.1 million, 15 insiders at WellPoint Health Networks Inc. unloaded a combined $93.5 million, six insiders at Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Corp. sold a combined $34.3 million, and eight executives at KB Home sold a combined $38.3 million, according to Thomson. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion