Quote from straddler:
I heard that a hedge fund trader was shorting this puppy without his bosses approval. When they finally realized the rather large position, he started putting upside pressure by covering it in the market. That could be one reason for today's action.
Quote from capmac:
Inside Scoop section highlights GOOG, insiders have made large sales of the stock; YTD, co-founders Sergey Brin and Larry Page each have sold 2 mln shares of the co's stock, taking in over $400 mln each
Quote from capmac:
Inside Scoop section highlights GOOG, insiders have made large sales of the stock; YTD, co-founders Sergey Brin and Larry Page each have sold 2 mln shares of the co's stock, taking in over $400 mln each
