Ban lifted: GM execs can sell their shares
Sarah Gilbert, editor at Blogging Stocks tells us that the unusual ban was probably a way to keep investors from implying too much about the state of the company from inside trades. It was a move, Gilbert says, that went hand-in-hand with GM's decision to stop issuing forecasts during the turnaround period. She says lifting the ban could indicate GM is nearing completion of its turnaround plan.
GM shares closed at 29.65 Wednesday afternoon, down 8 cents.
[Source: CNN Money]
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