August 16th.
https://www.benzinga.com/news/22/08/28535359/fiserv-chairman-trades-76-26m-in-company-stock
So happy I sold last year.
5 replies (most recent on top)
Frank should pull a Bed Bath and Beyond CFO move (Google the recent news). That would make all of the REAL associates VERY, VERY HAPPY!
The investors need to understand he is a corporate raider. He will get what he can and spin of the lifeless husk of what was Fiserv.
Sell. Sell. Sell!
Don't you know he lives in New Jersey? Do you know the cost of living in New Jersey? He is just selling some stock so he can fill up his tank. He does have to drive to work you know.
According to that article:
“ When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.”.
Paragraph 1 - yup- FB is not investing in the future of Fiserv as I guess he doesn’t expect stock to go up.
Paragraph 2 - surprise, surprise - stock has gone down.
“ Bisignano sold 696,413 shares of Fiserv. The total transaction amounted to $76,255,735.”
That’s an astronomical amount for making horrendous business decisions that negatively impact the average worker who is just trying to survive, raise a family and put food on the table.
k?