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Why did Donahoe sell over 16 thousand shares of eBay stock?

It was recently reported in Gurufocus that eBay Inc. (EBAY) President, CEO & Director John J Donahoe sells 16,667 Shares.

Donahoe has sold the same number of shares twice before this year. 

Although no official reason was given for his selling of the shares the larger number o shared Donahoe sold does catch this eBayers attention. 

Of course it would be unwise to try to read into this sale, although such a larger number of shares being sold does cause one to wonder why.  Is this a good or a bad sign?  In my opinion (for what it is worth) a CEO selling off this many shares of the company he runs is not a good sign.

I hope I am wrong but I see bumpy water ahead for the foreseeable future for eBay.

Comments

  • Beth Cherkowsky 4 years ago

    Well remember his bonus was cut so he has to make ends meet somehow.....and of course, the options probably expire if he's fired when the BOD meets...later this month or maybe August...I forget/