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insider sales 🤔
$Spirit Airlines (SAVEQ.US)$ multiple Spirit executives offloading common shares. Thoughts on why?
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GoldEraKid : Bankruptcy
RmacFL OP : getting out while they still can?
HailTheApocalypse : yep, I've taken them off the watchlist
RmacFL OP : simpleflying.co...
very interesting article from the shareholders perspective
QMengColdJoke RmacFL OP : exactly. Most companies have rule about black out trading before earnings release. Insiders can only sell after earnings release. Note regular tax purpose selling is 1/3 to 40%, many of them sell more than half, likely all liquid shares. The only strange thing is so many buyers at this price. I mean I see demand to bet a residual interest but no way like this price.
RmacFL OP QMengColdJoke : with the very real threat of common chairs being worth zero next year when they emerge from chapter 11, I'm shocked and somewhat confused as to why the price of spirit continues to go up.
QMengColdJoke RmacFL OP : I am very shocked. seems retail with little knowledge is betting. Anyway at this price, I will only buy back after Dec 16 and Dec 20 that I can claim loss for tax in 2024.