Article

2020-05-28 Science

Moderna Shares Tumble As Insiders Caught Running For The Exits

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Posted by Clem 2020-05-28 00:00|| || Front Page|| [2 views ] Top

#1 There's profit taking and rebalancing.

If they sold ALL their stocks maybe that would be more worrying, but diversifying on a gain seems prudent to me.

Posted by Bright Pebbles 2020-05-28 05:12|| 2020-05-28 05:12|| Front Page Top

#2 This is one of those deals where the optics are bad, but, like it or not, that's how the game is played. Options are very often part of C-Suite's compensation package. A little bit different than when United Airlines execs got bonuses when the rank and file took pay cuts to "save the company"

Posted by Clem 2020-05-28 07:35|| 2020-05-28 07:35|| Front Page Top

#3 Much like Hertz.

Posted by Skidmark 2020-05-28 14:54|| 2020-05-28 14:54|| Front Page Top

#4 Yep...posted that story as well.

Posted by Clem 2020-05-28 14:57|| 2020-05-28 14:57|| Front Page Top

#5

More to the story
Sure, the timing of the Moderna executives' stock sales seems like the company's leaders were attempting to profit off of good news in anticipation that the stock could soon go down. But appearances can be deceiving.

All of the stock sales in question were done using a Rule 10b5-1 trading plan. What is Rule 10b5-1? The Securities and Exchange Commission (SEC) established this rule in 2000 to allow company insiders to put trading plans into effect that buy or sell a predetermined number of shares at a predetermined time. The SEC actually adopted Rule 10b5-1 to enable insiders to trade shares without engaging in insider trading.

They just got damn lucky on when the timer went off and sold those shares.

Posted by bbrewer126 2020-05-28 21:06|| 2020-05-28 21:06|| Front Page Top

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