Market Overview

Website Highlights Google Chair Eric Schmidt to Sell 40+% of Stake, ~3.2M Shares

Share:
Related GOOG
Facebook Has New Competition From Amazon In The Workplace
TD Ameritrade Chief Strategist Sees Potential 4% Move In Google Shares
Google's Whisper Number Shows Investors Lacking Confidence (Seeking Alpha)

On Friday, Google's (NASDAQ: GOOG) Chairman Eric Schmidt announced that he plans to sell up to 3.2 million shares, which at Google's current price could mean a $2.5 billion windfall. Schmidt has a 2.3% stake in the company with 7.6 million shares. On Friday Google shares closed up $11.42 at $785.37.

Posted-In: News Insider Trades

 

Related Articles (GOOG)

Around the Web, We're Loving...

Get Benzinga's Newsletters