IBM Execs Offload $14 Million In Shares (IBM)
Symbols: IBM
Three IBM (NYSE: IBM) executives have reportedly sold about $14 million worth of IBM (IBM) stock since the company announced earnings three weeks ago. According to the company’s spokesperson the sales were part of a normal diversification process.
Lon Juricic of StreetInsider.com said that IBM does not seem to be in trouble. He also said that IBM is an attractive pick due to strong earnings and new product launches. The three executives selling the stock are chief financial officer Mark Loughridge, vice president and controller James Kavanugh and senior vice president Rodney Adkins.
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