Tuesday, March 22, 2005

Insiders Selling At Countrywide Financial

Corporate executives have been busy selling their positions in many housing sectors recently. Today the highlight is on Countrywide Financial which has seen top insiders liquidate almost 16% of their holdings in the firm.

Angelo Mozilo, chairman and CEO has sold 210,000 shares..CFO Thomas McLaughlin sold 108,098 shares..Anne McCallion, senior director of finance sold 96,049 shares.

If you check here you will see the top corporate officers have sold almost 3 million shares in the past 6 months and have bought none. CFC is down 13% in the same period.

3 Comments:

At 10:50 PM, Blogger mspenelope said...

3/22/05
Hi Ben

Another scary article....incase you or your readers missed it.
Thanks again for keeping us all up to date and giving us your take/opinion on current market conditions. It is very appreciated!

http://www.prudentbear.com/archive_comm_article.asp?category=G41560uest+Commentary&content_idx=

 
At 6:27 AM, Anonymous Anonymous said...

Great site, Ben.

If you'd post your email address, I'd give you links to other relevant articles, like this one:

http://wallstreetexaminer.com/?itemid=574

 
At 10:54 AM, Anonymous Anonymous said...

House prices start rising for the first time in 15 years:


http://biz.yahoo.com/ft/050323/48ca51c2_9bc6_11d9_815d_00000e2511c8_1.html

 

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