Wednesday, October 10, 2012

Equities: Forgot One (WNR)

A reader reminds me: "You had another equity comment".
Indeed I did.
From September 6, 2012:
Is Western Refining Done Setting New 4-year Highs? (Chairman and CEO sell each sell, total $30 Million worth) WNR
All good things come to an end.
The stock is at $27.65, up 54 cents. The last 52-week (and 4-year) high was Sept. 4 at $28.04.
Here's the two-year chart via Yahoo Finance:


Chart forWestern Refining, Inc. (WNR)

There has been quite a bit of insider selling in the last month....MORE

Today the stock is changing hands at $24.49, down $1.76 (6.70%). It traded higher than the $27.65 the next day and hasn't topped it in the 4 1/2 weeks since. Sometimes you get lucky.

Thanks for the reminder but don't mention the war.