Apollo Group chairman sells more than $17 million in stock

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Bobby Raines 04/09/2014

John Sperling, the chairman of the board at Apollo Group ( APOL ) , sold 535,000 shares of the company's common stock on April 4. At prices between $31.87 and $31.90, he pulled in a total of $17,049,758 from the sale.

IK-> The technicals for APOL ($28.47 down $1.24) are bullish with a downward trend. The stock is below recent support and recent resistance has been near $31.86. Standard & Poor's has a 2 STARS (out of five) ranking on the stock. Look at the Aug. 36/40 bear-call spread for a 30-cent credit. That's a 13.6% return and the stock has to rise 6.9% to cause a problem.  [InvestorsKeyhole, Various news and data services]




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: APOL

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