Major insider selling at Bankrate


In my experience I find that insiders tend to be somewhat subtle about their buying and selling activity. Not so at Bankrate (RATE) if you follow today’s filings. Three insiders (Randall Poliner, William Martin and Richard Pinola) unloaded over $10M today: http://www.form4oracle.com/company/bankrate-inc-rate?id=3141.

While $10M is a large amount in itself, what is especially interesting in these transactions is that each of the insiders ended up reducing their holdings by 100% or to a big round zero. That’s the spirit!

Advertisements
%d bloggers like this: