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GM - The Rats are Fleeing

|Includes: General Motors Company (GM)

Apparently, there aren't many people in the know at GM, as officer have been selling stock.  Since 4/24/09 approximately 250k shares have been sold by insiders.

Bob Lutz (Vice Chairman) sold 81k shares on 5/8

Ralph Szygenda (Group VP/CIO) sold 39k shares on 5/8

Gary Cowger (VP - Global Manufacturing and Labor Relations) sold 35k shares on 5/8 - this is my favorite, he must know how labor is going to run this company if Dear Leader has his way.

Hmmm, do they know something we dont?  Given the state of the company it is somewhat doubtful, but...

 

 

Disclosure:  Long GM debt