Buy big banks? Insiders may be saying "not at these prices"!
Article Abstract:
The prices of bank shares increase at a rapid pace. While investors are happy with this development, bank insiders have reacted by disposing of their shares at an even faster rate. Bank of Boston Corp. executives have disposed of over 688,000 shares at $60.75-$70.88 per share. BankAmerica Corp. executives have sold 489,665 shares. KeyCorp executives have sold over 258,000 shares at $44-$55 per share. PNC Bank Corp. insiders have confirmed intentions to sell over 608,000 shares.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
BankBoston-BKB
Article Abstract:
BankBoston's stocks have increased in value by 25% since Sept. of 1996. This may be attributed to the bank's successful merger with Baybanks. However, investors face a potential decline in share value as several bank officers revealed plans to dispose of their shares. Some of these executives include VP Edward O'Neal, VP Peter Manning, Officer David McKown, Officer Susan Haney and Chairman William Crozier.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Improved menus? Where insiders are dining in their own restaurants. Buy side follow ups: Uno Restaurant
- Abstracts: Guarantees are all the rage. Performance
- Abstracts: Employees move into the driving seat. The American way. Equities without upheaval
- Abstracts: BTP. Allied Colloids bets the company. Meristem: acquisition-led
- Abstracts: Clubhaus gets into its swing. Clubhaus in the swing