On Friday whilst at eBay Live! Bill Cobb made $87450.00 in a pre-arranged purchase of eBay stock which he immediately resold. No wonder he was walking around with a huge smile the whole weekend.
In fairness as an eBay senior executive it was a trade that was arranged some time in the past, and not based on insider knowledge, but I’m guessing the windorphins kicked in regardless.
Bill is about to take a break from eBay and spend some time with his family. He told me one of his favourite pastimes is golf so he’ll be out on the greens during his time off. It’s a nice little bonus to ensure the green fees don’t hurt his pocket, but currently we don’t know when he’ll be returning to eBay after his break.
2 Responses
At the same time Meg Whitman exercised options to buy 640,000 shares of common stock for $10.02 apiece. She sold the shares the same day for $31.74 and $31.97 each.
This list is a full digest (and it goes back a fair while) of insider trades: https://finance.yahoo.com/q/it?s=EBAY
Always an interesting read.