This is not a good sign: Kosta sold 1,075,000 shares of Fossil's stock on Tuesday, May 30th. The shares were sold at an average price of $11.29, for a total transaction of $12,136,750.00.
8 replies (most recent on top)
Kosta sold another +1M shares between June 8-June 14. Sorry, but this does not look good, folks. Yikes!
Who's grinding axes? It's called "comeuppance". Heaping helpings of it to be had at Fossil.
Jesus chr**t someone in IT has a real axe to grind. We get it.
OMG! The stock is below $10! Magic 8 Ball called it not too long ago. I wonder what's next?
Blaming the admittedly terrible IT move is a fundamental misunderstanding of what killed Fossil. But as ever, when sh*t goes South, blame IT.
One of the last signs that a company is about to go under is all the stock selling by executives. Stock is close to $10 a share now. Thanks IT execs.
He sold an additional 520,000 shares of stock at the end of last week. The report was filed with the SEC yesterday for what he sold. Most likely he is having to sell shares to make up for the difference in the amount that he pledged for the note back in February. When he pledged the shares back then, they were worth around $19 a share and the bank that is holding the shares can choose to sell the shares to make up the difference for the collateral for the note.
Not a good sign