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Snapchat's ($SNAP) CEO just sold 6% of his shares- 4.45million shares for over 44million. Signal to sell/short?
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TUBInvesting
07 Mar 2019
Finance at Singapore Management University
A CEO selling his share is not a good indicator.
But as Gabriel stated, it is a delayed report. No point habouring over it.
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Gabriel Tham
07 Mar 2019
Tag Team Member at Kenichi Tag Team
Not a very good indicator to long or short.
Anyway when these big shareholders buy/sell and when t...
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Yes as Gabriel and Terence both said- its information that is probably already priced in! From a fundamental perspective, $SNAP has rebounded since beating analyst estimations in its previous earnings report. Although the company is still losing active users, it does not appear as bad as street forecasts.
Even though many people are believers in the bear case for SNAP, SNAP is not going down without a fight from management!