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The WSJ continues its focus on executive trading at Big Lots (BIG), finding that ten senior...

  • Wednesday, December 12, 2012, 3:47 AM ET
    The WSJ continues its focus on executive trading at Big Lots (BIG), finding that ten senior managers sold a total of over $23M in stock in March. The sales were made not long before the firm reported slowing Q1 revenues, which sent shares plunging 24% in one day. One of the execs, CEO Steven Fishman, is already the subject of FBI and SEC investigations for $10M of stock sales.
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This news story has 4 comments:

  •  
    What??? Insider trading in america....say it aint so
    12 Dec 2012, 05:30 AM Reply Like
  •  
    Idiots... they know everyone's watching. Here's what I think their wager was: they can settle with the SEC and get a better deal than they would get with the drop in share price. They may be right, given the selective enforcement commission's light wrist slaps.
    12 Dec 2012, 08:26 AM Reply Like
  •  
    i am shocked, shocked at this disclosure.
    12 Dec 2012, 09:19 AM Reply Like
  •  
    It is public information that they made the trades. They were filed with the SEC. I doubt that anything will come of this.
    12 Dec 2012, 01:19 PM Reply Like
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