Stock Market
Selling out at the bottom for General Growth Properties CFO
The chief financial officer of General Growth Properties, Bernard Freibaum, just dumped 2,000,000 of his personal shares for over $30 million in walkin’ around money. It’s important to note, that most of these shares were sold between $17- $21 — near the 52 week low for the company. We’re taking this as a sign that GGP still has farther to fall.
Check out the trades on: Finviz
[...] reported the story that we were following ten days ago: that GGP’s CFO, Bernard Freibaum, was dumping $30 million in shares at the 52-week low. Well at least Bernard got to cash out at the old stock price while the rest of the sap [...]
[...] Freibaum had sold $30 million worth of shares at the 52 week low. Of course, we’d reported on Bernard’s insider trading ten days before The Journal, but who’s counting? Good [...]