Raymond Wirta loves selling CBRE’s stock!
Ray Wirta is a member of the board of directors for the CB Richard Ellis Group, a real estate company. He’s also a nicely-liquid millionaire thanks to his fire-sale of “da Group’s” stock. Since August 5th he’s sold over 3.3 million shares at a street value of over $26 million.
His last stock dump two days ago was far and away his largest — 1.3 million shares for nearly $11 million dollars. The scary part? He unloaded these shares at just $1.00 above the 52 week low. This one is probably going lower…
Finviz has the paper trail.
