This is the sort of situation where the smart money buys the dip.
Who knows what Colemans personal circumstances are ? Someone in his position is hardly going to dump a pile of shares (with inside information) prior to some sort of negative announcement. He would come under immediate investigation.....and as many posters have said....he has a history of doing this irrespective of whether the WPL share price is rising or falling or high or low.
As a matter of fact as CEO, should he need the money for personal circumstances ( and tax liabilities are a believable one for someone of his wealth) he would need to be especially careful about the timing of a sale of a relatively large parcel of shares. He would want to be sure that there is in fact no bad news coming - that the waters are calm.
Perversely, therefore, you could argue that the timing of this is a positive - that the shares have formed a solid base for many months and with that being the case and no particular news on the horizon there’s no better time for a CEO to offload a large parcel of shares ( ie in the least ‘fishy’ circumstances possible)
A knee jerk over reaction by the market today that might take a couple of days to shake out - nothing has changed imo - still a medium to long term COVID recovery play - anywhere under $20 great buying.
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Last
$29.37 |
Change
0.060(0.20%) |
Mkt cap ! $55.76B |
Open | High | Low | Value | Volume |
$29.34 | $29.48 | $29.06 | $115.7M | 3.946M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2885 | $29.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.39 | 3726 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2885 | 29.360 |
1 | 2000 | 29.350 |
1 | 340 | 29.340 |
1 | 9571 | 29.330 |
1 | 15997 | 29.320 |
Price($) | Vol. | No. |
---|---|---|
29.400 | 2025 | 1 |
29.410 | 774 | 1 |
29.420 | 29373 | 2 |
29.430 | 2525 | 2 |
29.440 | 9643 | 2 |
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