GOOG rises every time the CEO pulls out
As stockholders keep chipping away at Google's billions (the stock hovered around $380 today, down from a January high of $475.11), the head honchos keep shedding shares from their portfolios. CEO Eric Schmidt bit off a $24 million chunk yesterday, just before the price popped up about ten bucks a share. Meanwhile, Larry Page dumped $148 million in stock last month, while stalwart Sergey Brin didn't drop a penny.
But according to the stats on insider trading site Form 4 Oracle, Eric's got worse timing than the makers of United 93. In the last six months, 1 out of 13 sales were followed by a jump in Google price. So Googlefreaks, don't worry — the less Eric is tied up with Google, the better off it does.
