GREY:WFREF - Post by User
Comment by
Ahkenahmed2on May 11, 2015 9:19pm
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Post# 23717389
RE:Franklin Resources Inc sold 8.6 mil shares
RE:Franklin Resources Inc sold 8.6 mil shares I re-visited those numbers once again, and considered that there are 3 Franklin affiliated groups together with ownership of nearly 50 million shares. That they sold together 9 million shares to me signals a little bit of a vote of defensiveness I mentioned in previous post.
To me, this is Franklin saying that it didn't like the debt payment "miss" but that it still has confidence in the board to execute, however, the 9 mil sell represents a spanking.
We moved four pennies, almost 5% on relatively light volume ...
The tree is shaking ..
GLTA