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September 21, 2004
Sumner Sells Some Stock
This is interesting.
It seems that Sumner Redstone, Chairman and CEO of CBS owner Viacom Corporation exercised his option to sell 341,500 shares of Viacom stock.
On September 14, 2004. When the stock was at $35.00. He sold them at $35.00.
Viacom Stock went as low as $33.92 today and closed at $34.04.
So. It makes you wonder. What did Sumner know and when did he know it?
Posted by LindaSoG at September 21, 2004 07:53 AM