Twitter Inc (NYSE:TWTR)’s Chief Executive Officer Richard Costolo, fighting a battle to boost investor confidence as the stock has fallen nearly 45 percent so far this year, is selling a significant portion of shares in the microblogging service. The Richard Costolo 2001 Living Trust and Lorin Costolo 2001 Living Trust, citing diversification concerns, sold 141,730 Twitter shares on Dec. 15 for $5.32 million, according to a Bloomberg report citing regulatory filings. Costolo had held shares of the company during its 2013 initial public offering, viewed as a sign of faith. Costolo owns 36,028 Twitter shares While trusts named for Costolo…
Twitter Inc Chief Costolo Unloads TWTR Shares
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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