Sheryl Sandberg from Facebook Inc (NASDAQ:FB) is leaning in on the stock, selling 283,000 shares at a price of $74.33 in the social networking company as algorithmic traders are watching longer term support levels.
After Sandberg’s sale she holds nearly 5.1 million shares with a total market value near $382 million.
Sheryl Sandberg following Chris Cox in Facebook Inc (FB)'s share sales
Sheryl Sandberg’s sale comes as earlier in November chief product officer Chris Cox reported in a Form 4 that he sold 5,437 shares of class-A common stock at $75.35 per share, leaving him with a total of 574,851 shares. Mike Schroepfer, the company’s chief technology officer, exercised 35,000 restricted stock units that were set to expire on January...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
