Gary Putka - Profile and Journalist Details
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Gary Putka
Verified
McGraw Center for Business Journalism, City University of New York
Boston
Beats
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Cryptocurrency, Investing
Content
Company insiders are selling stock during buyback programs and making additional profits when stock prices jump. And it’s legal.
By Gary Putka| The Washington Post Verified On Feb. 10, a day after the company announced the buyback plan, Bobby Kotick, Activision’s chief executive, sold nearly 4 million shares for $180.8 million. The average share price of his sales was 15 percent higher than he would have gotten before the stock rose on the news. By Feb. 17, a total of five top Activision officials had sold shares totaling over $430 million, according to their filings with the Securities and Exchange Commission.
By Renee Dudley Verified, Alex Wong, Gary Putka| Bloomberg News Verified On Oct. 28, 2011, Representative James Clyburn, the third-ranking House Democrat, asked the U.S. Department of Housing and Urban Development to extend its deadline for completing a low-income housing project in his South Carolina district. Congressmen often help projects in their districts. This one, however, was deeply flawed.
Company insiders are selling stock during buyback programs and making additional profits when stock prices jump. And it’s legal.
By Gary Putka| The Washington Post Verified On Feb. 10, a day after the company announced the buyback plan, Bobby Kotick, Activision’s chief executive, sold nearly 4 million shares for $180.8 million. The average share price of his sales was 15 percent higher than he would have gotten before the stock rose on the news. By Feb. 17, a total of five top Activision officials had sold shares totaling over $430 million, according to their filings with the Securities and Exchange Commission.
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