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Technical Analysis

Tech Insiders Keep Selling Shares

Hewlett-Packard executives join an exodus away from technology stocks, reports Avi Salzman for Barrons.com.

Hewlett-Packard CEO’s $4.3 Million Sale
Wynn Resorts CEO’s $114 Million Sale

We’ve seen notable insider selling in the following stocks: Illinois Tool Works (ITW) Director sold 200,000 shares at $42.40-42.52 on 8/24… Heinz (HNZ) Director Nelson Peltz’s Trian Fund Management sold 650,000 shares at $38.91-39.32 on 8/24-8/25… Public Storage (PSA) Chairman sold 1,000,000 shares at $70.58-71.00 on 8/26… Dollar Tree (DLTR) Chairman (pursuant to a Rule 10b5-1 plan) sold 150,000 shares at $50.34 on 8/26… Commerce Bancshares (CBSH) CEO and Vice Chairman sold 211,633 shares at $38.00-38.92 on 8/24-8/26… Stryker (SYK) Director sold 240,000 shares at $41.37-41.81 on 8/21-8/26… Lumber Liquidators (LL) Chairman (pursuant to a Rule 10b5-1 trading plan) sold 775,000 shares at $21.20-22.65 on 8/21-8/25… Cisco (CSCO) CEO (pursuant to a Rule 10b5-1 plan) sold 400,000 shares at $22.50-22.51 on 8/24… I2 Technologies (ITWO) 10% Owner S. Sidhu sold 1.0 mln shares at $15.27 on 8/25… All sales exclude option sell offs.

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