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

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.
Comments (4)
  • 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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