Google's top executives have been selling their holdings non-stop for almost three and a half years, a trend that ultimately gained some attention from the market.
We have noted several times in the past how Google's top people, CEO Eric Schmidt in particular,He said he was more interested in sales by lower-level executives, and the lack of insider purchases.
"So many of these insiders have been so anxious to sell or exercise their options, and so unwilling to hold much of anything long, and that's a particular red flag to me," he said. Moreland also admitted to feeling sheepish about acting on what was going on by shorting some shares of the "stock-market darling." Once he got over his misgivings, Google insider transactions rewarded him with a 27.4 percent return on his shorting. Google closed on March 4th at $447.70, well off the 52-week high of $747.24. We will be surprised if it ever gets near that high again.
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