Saturday, August 19, 2006

FT.com / Home UK / UK - Concern as Google founders sell shares

Dare to be different, continued... 

Data seen by the FT show that Mr Page and Mr Brin have each sold more than $2bn worth of Google shares since February 2005, when the final restrictions on post-IPO insider selling at the company lapsed.

Jonathan Moreland, director of research at Insider Insights, which provided the data, said sales by founders and other top executives were common in the months following an IPO.

However, he said “with Google, the continued selling, even after the stock has traded off of recent highs, has put it on our avoid list”.

Source: FT.com / Home UK / UK - Concern as Google founders sell shares

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