peanuts

Thursday's Options Report: EP, HNZ, R, BID, CLWR, CSCO, RIG, V, ACE, AXP

CNBC announced that CLWR had sold $3,000,000.00 worth of shares to goolge and intel and other tech companies at $20/share, leaving shareholders with less than 1/4 of the shares. That's why it was up 8.4 percent on 5/7/08. Why would it go down in price so much the next day? Did I hear this news wrong?