KOSS, AMC Insiders Dumped Millions Of Shares Into Reddit-Raid-Rally

KOSS, AMC Insiders Dumped Millions Of Shares Into Reddit-Raid-Rally

As the Reddit Raid rally fades, there are winners and losers on either side of the various trades placed. However, there are some that did very well – the heavily-shorted-company’s executives!

Silver Lake Group dumped over 33million AMC shares into the ramp…

Source: Bloomberg

And various executives at KOSS (John Koss, Michael Koss, David Smith, and Lillie Lenore) dumped around $24 million of shares into the ramp…

Source: Bloomberg

Perhaps the greatest irony is that the value of the shares dumped by the KOSS insiders exceeded the company’s market-cap before the chaos began.

On the other side, we are sure these GME insiders are kicking themselves for not holding just a couple more days…

Source: Bloomberg

All of which means, the trend of insider-selling into record highs and re-emerging buybacks is set to rise…

Not exactly confidence-inspiring!?

Clearly, the message from the C-Suite, much like that of so many officials across the nation during COVID lockdowns, is “do as I say, not as I do.” Just keep buying my stock while I sell it…

Are America’s corporate executives worried about socialism… taxes… and the ‘eat the rich’ mentality that is coming? Perhaps it’s time to do as they do too?

Tyler Durden
Thu, 02/04/2021 – 11:51

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