Insider Selling at Homebuilder Toll Brothers
To be filed under "do as I say, not as I do".
Feb 23rd, Toll Brothers (Homebuilder) CEO Robert Toll was on CNBC touting his companies stock and made the following statement, "The shorts are going to get crushed, you ain't seen nothing yet."
Since then, the stock has gone from $84 to $74 a share.
On Feb 24th, one day after making his statement, Mr. Toll sold 777,000 shares of Toll Brothers stock for $68 Million. On Feb 25th, Mr. Toll sold another 472,000 shares for $42 Million. That's $110 Million in two days.
On Feb 28th, Bruce Toll, Vice Chairman for Toll Brothers, sold 500,000 shares of company stock for $43 Million.
Oh, by the way, on December 13th, 2004, over two months prior to the CNBC appearance, Mssrs. Toll sold 1.75 Million shares for $110 Million.
Ok, yeah, we're gonna beat those shorts, thats the ticket, uh-uh, right, got it, thanks.
Feb 23rd, Toll Brothers (Homebuilder) CEO Robert Toll was on CNBC touting his companies stock and made the following statement, "The shorts are going to get crushed, you ain't seen nothing yet."
Since then, the stock has gone from $84 to $74 a share.
On Feb 24th, one day after making his statement, Mr. Toll sold 777,000 shares of Toll Brothers stock for $68 Million. On Feb 25th, Mr. Toll sold another 472,000 shares for $42 Million. That's $110 Million in two days.
On Feb 28th, Bruce Toll, Vice Chairman for Toll Brothers, sold 500,000 shares of company stock for $43 Million.
Oh, by the way, on December 13th, 2004, over two months prior to the CNBC appearance, Mssrs. Toll sold 1.75 Million shares for $110 Million.
Ok, yeah, we're gonna beat those shorts, thats the ticket, uh-uh, right, got it, thanks.
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