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Activision execs cashing in on success?

Posted on Monday, 25 May 2009 by Speed, source: Business Insider

It seems the execs at Activision are either cashing in on the success of their company, or they know something we don't yet.

According to Business Insider, Activision boss Bobby Kotick and co-chairman of the board Brian Kelly have sold off no less than $60 million worth of stock.

Activision stock has been up 30% since this year so cashing in on the success isn't such a stupid thing to do, but it might also indicate something else: that the two have some insider knowledge about some bad stuff about to happen and want to secure their profits before all hell breaks loose.

Guess we'll know soon enough.

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4 Comment(s)

Anonymous

ummm... insider trading is illegal. They would quickly be caught for such actions. Insider sell offs are common as a sunrise.

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Posted on 05:41, May 26th 2009

Anonymous

eep...well i'm gonna ride it out none the less...unfortuanately I just stopped putting money into ATVI

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Posted on 06:23, May 26th 2009

Anonymous

It has nothing to do with insider info. The sales were mostly (all of Kotick's, half of Kelly's) options exercising. Management only has certain windows to sell/buy stock in their own company. The options were expiring within the year and had a strike price of 1.77 or something like that. Nothing to worry about.

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Posted on 14:29, May 26th 2009

Anonymous

"It seems the execs at Activision are either cashing in on the success of their company, or they know something we don't yet."

Have you thought that maybe what THEY know have nothing to do with Activision, maybe that's related to the other part of the transaction... what they are buying with their money.

so we can basically speculate anything... maybe they have some insider info about another company that's about to make huge profits... after all, they do what they want with their huge amount of money... and if you want to know you would have to call them personally!

"It seems the execs at Activision are either cashing in on the success of their company, or they know something we don't yet." Have you thought that maybe what THEY know have nothing to do with Activision, maybe that's related to the other part of the transaction... what they are buying with their money. so we can basically speculate anything... maybe they have some insider info about another company that's about to make huge profits... after all, they do what they want with their huge amount of money... and if you want to know you would have to call them personally!

Quote

Posted on 21:37, May 26th 2009