Site icon

Insider trading analysts consider Apple exec’s stock sales “unusual”

A story from the Associated Press notes that twice within the last two years, a number of executives at Apple sold off large numbers of shares right before poor earnings announcements. Several insider trading analysts are now commenting on the issue. “It’s always a bit suspicious when executives sell before a warning,” said Martin Friedman, director of research at Friedman, Billings, Ramsey & Co. Inc. “I can assure you that no executive would have exercised options had they believed we would not meet our original guidance for the quarter,” said Apple CFO Fred Anderson in a written statement.

Exit mobile version