Citigroup upgraded Hasbro shares as hot property and signalled a "Buy buy buy" call for them. However a number of C Level staff at Hasbro have sold shares worth $10.71 million, according to SEC filings - should fans be worried?
Goldner sold 138,000 shares for $6.06 million, at an average price of $43.93. He still owns 206,518 shares, worth an estimated $8.88 million.
Others who sold shares included Deborah Thomas Slater, CFO and Senior Vice President, who unloaded 55,738 shares for $2.45 million.
Barry Nagler, Senior Vice President, Chief Legal Officer and Secretary, sold 49,969 shares for $2.2 million. It was the second major sale in less than a month for Nagler, who sold stock worth $3.2 million in July.
Hasbro to date filed losses for this quarter, stating the lost more than $2m last quarter compared to a $17m profit last year. You can read more about that in a previous article I covered at Hasbro Q2 Net Falls 16% in Boys Toy Sales .