FIVE Unlocking Today Could Put Pressure On Price - Don Dion

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Don Dion is the owner and Chief Investment Officer of DRD Investments, LLC, based in Naples, Fl. and Williamstown, Ma., a family office focused on managing a long/short hedge fund, real estate assets and various other financial assets for the Dion family. Mr. Dion is also the trustee of the Dion... More

My company:: Fidelity Independent Adviser
My blog:: Dion Money Management

FIVE Unlocking Today Could Put Pressure On Price 1 comment

Jan 15, 2013 6:47 AM | about stocks: FIVE

The lock up period is over for FIVE today.
The stock may come under pressure today for several reasons: 1) There are several VC and PE firms that can now sell a very large amount of stock, 2) There are many insiders in management that can now sell, 3) stock has run up since pricing so insiders may be inclined to sell, 4) Academic studies show that IPOs with quality underwriters tend to react negatively on the unlock day, 5) The price has been trending down recently in anticipation of today, 6) Volume has also been building while the price has been declining.
Disclosure: I am short FIVE.

Themes: Retail, IPOs Stocks: FIVE

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