Original post:
In early pre-market trade the stock is down a penny at $66.95.
Speaking of CREE (post immediately below), here's Guru Focus:
CHAIRMAN, PRESIDENT AND CEO of Cree Inc. (CREE) Charles M Swoboda sells 77,500 shares of CREE on 02/18/2010 at an average price of $64.19 a share....Here's the one year price action (via Yahoo Finance):
As I said in last December's "Call Volume Escalates as Cree, Inc. Extends String of New Highs (CREE)":
A long time favorite, see links below. The stock is trading at $51, even....Grandmother, a sharp-tongued woman, used to compliment my "remarkable grasp of the obvious".
..."A trend appears to be emerging"
Management may be great at growing a tech company but market timers they ain't.
Continuing at GuruFocus:
CEO Recent Trades:
- Sell:: CHAIRMAN, PRESIDENT AND CEO Charles M Swoboda sold 65,000 shares of CREE stock on 12/01/2009 at the average price of 49.4, the price of the stock has increased by 31.72% since.
- Sell:: CHAIRMAN, PRESIDENT AND CEO Charles M Swoboda sold 332,060 shares of CREE stock on 10/23/2009 at the average price of 44.52, the price of the stock has increased by 46.16% since.
- Sell:: CHAIRMAN, PRESIDENT AND CEO Charles M Swoboda sold 75,940 shares of CREE stock on 10/22/2009 at the average price of 44.41, the price of the stock has increased by 46.52% since.
CFO Recent Trades:
- Sell:: EXECUTIVE VP, CFO, TREASURER John T Kurtzweil sold 12,000 shares of CREE stock on 12/01/2009 at the average price of 49.58, the price of the stock has increased by 31.24% since.
- Sell:: EXECUTIVE VP, CFO, TREASURER John T Kurtzweil sold 12,000 shares of CREE stock on 10/22/2009 at the average price of 44.27, the price of the stock has increased by 46.98% since.
