The optics of this stock sell off seem a bit odd given the relative time to him making statements that have reduced the value of said stock.
https://www.sec.gov/Archives/edgar/data/1556458/000120919116148881/xslF345X01/doc4.xml
Couldn't he just buy them back at lower value?
by askafriend on 11/11/16, 7:19 AM
He sells ~11,000 shares every month and has been doing so for a while from what I understand. A former employee posted something to this tune, though I forget where I read it.
by inimino on 11/11/16, 6:25 AM
Whatever you're reaching for here, it's quite a reach.
He sent an internal email about politics and it backfired. It's not like he gave a press conference announcing the company was in financial trouble.
by Expialadochus on 11/12/16, 7:44 PM
Let him sell the damn stock... He thinks he's selling off of a 52 week high. What you can do is go to your bank and get an online trading account. Make sure the bank will allow you to short NYSE:GRUB before you sign on. Then, buy PUT OPTIONS thru Jan 2018... nearer term puts are safer, but Matt Maloney deserves a whole years worth of headaches for this... Got any really rich republican friends? Tell them all about this strategy!
by roschdal on 11/11/16, 6:13 AM
by radamanthus on 11/11/16, 6:38 AM
The transaction was before the elections. Looks perfectly normal to me.
by dvdhnt on 11/11/16, 7:04 AM
Sweet another CEO being emotionally reactive.
by laughfactory on 11/11/16, 6:10 AM
Oh, wow, this sounds super illegal. Particularly if he re-buys at a lower price.