MED,Medifast Inc was up over 500% this year. Today it had a all time high volume and tanked over $4.55. The reason was basically attributed to a negative report on short sellers favorite site stocklemon.
In the past few months, MedifastÂ’s CEO/Chairman and his wife, the MacDonalds, have sold a total of $3.7 million in stock, which represents close to 25% of their total holdings. While we do not fault a CEO for taking money off the table, we must note that his stock sales exceeded the entire growth in shareholders value over the course of the quarter. http://finance.yahoo.com/q/it?s=MED
CCDC,Concorde Career Colleges Inc
CLC,Clarcor Inc
HOLX,Hologic Inc
MED,Medifast Inc
Update The stocklemon report is so flimsy and thinly sourced, but the current market conditions have helped in magnifying the MED move.
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