RE:RE:I see some "up in-arms" that Murray Bye sold 20,000 shares terroir wrote: All true, but equally true is selling at $10.37...as another poster stated, if the stock is still undervalued, why now? He may have perfectly justifiable reasons, but the optics always stink.
FFS... in one breath you say "Why now?" and then in the next breath you say, "He may have perfectly justifiable reasons." You've answered your own question! There is no trend of selling activity with regard to Surge Energy... you really are making a mountain out of a mole hill. If there was a trend of selling activity, then yes, that could certainly mean that executives think the stock is going down soon and they might be trying to sell before the price falls.
Although you can infer intent based on stock buying and selling trends, you never know exactly why the transactions took place. You really can't call up Murray Bye and ask, "Why did you sell 20K shares Murray when you should have waited another 6 months because PC said the price would be $22 or $25.
What we have here is one executive making a small transaction, but the others are holding their shares. In my wildest imagination, I could not interpret this as a red flag or a major concern. Now, if we were to see a pattern of selling across the board without a cause, it may be a good time to take note.
Most likely you have already, but if you haven't, take a look at the company's fundamentals, financial statements, corporate presentations, news releases, interviews and even what you predict for Surge's future, via your due diligence. Use these along with the latest insider transaction data that you are so concerned about. If the optics really cause you to smell a "stink", then do yourself a favor and sell your shares... that would be the prudent thing to do, in your case.