Seneca Capital Sells Over Three Million More Shares of Dynegy (DYN)

Dynegy Inc. (NYSE:DYN), the ailing energy generation company, seemed to be facing a big sell off recently by Seneca Capital Management. Seneca, which was the second largest shareholder in the company, got rid of one third of its shares last week. In a filing made today the fund revealed its current holdings in Dynegy to be only around 2.55%. This represents a total share holding of about 3,139,900 shares. According to a filing last week the fund was holding around 6.69% of the company which...