Insiders Move Out Of Cisco (CSCO)
Last week, insiders sold about $45 million of Cisco stock. Most of it was sold by senior management.
Cisco's stock is close to $25, and has not been this high since early 2004, so it is hard to blame management for taking some money off the table.
It does give investors some pause. The stock is up from about $17 early this year, which is a pretty big run for a super-cap company. It would not take much in the way of bad news to bring CSCO down a bit.
Of course, the insiders already know that.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
Cisco's stock is close to $25, and has not been this high since early 2004, so it is hard to blame management for taking some money off the table.
It does give investors some pause. The stock is up from about $17 early this year, which is a pretty big run for a super-cap company. It would not take much in the way of bad news to bring CSCO down a bit.
Of course, the insiders already know that.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
posted by douglas mcintyre at 8:08 AM
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