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Dell's Top Brass Cash In
By TheStreet.com
News Source
Article Date: 2003-03-21
In the past couple of weeks, the higher-ups at Dell (DELL:Nasdaq - news - commentary - research - analysis) have triggered some investor alarm bells by selling off big chunks of stock. The company's chief operating officer and chief financial officer have each parted with hundreds of thousands of shares, a trio of other insiders have sold stock for the first time, and CEO Michael Dell has made a hefty sale of his own.
To be sure, sales by Michael Dell have typically preceded a rise in the company's stock in the following months -- in line with the historic upward movement of Dell shares. But the current pattern of sales by a number of top executives is at least a caution sign, since it suggests the smart money doesn't expect to see much near-term upward movement in the stock.
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