Capital One insiders sell $64M in November


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Capital One insiders sell $64M in November

Brent Archer 11/21/2013

Capital One Financial ( COF ) shows $98.4M of insider selling since the beginning of May and $64.3M so far in November alone against no insider buying since April. The selling is split between many diferent major holders, including the Chairman, CEO and President Richard Fairbank. The total shares of COF stock sold is more than 1.4 million. Over that same period, there have been roughly 732,000 shares worth of options exercised, which accounts for half of the sold amount, but leaves the other half unaccounted for.

IK-> The technicals for COF ($69.76 up 0.96) are neutral with a sideways trend. The stock has recent resistance near $71.00 and finds support near $68.65. Look at the January 75/77.50 bear-call spread for a 25 cent credit. That's an 11.1% return and the stock has to rise by 7.5% 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 Nasdaq, Inc.

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This article appears in: Investing , Options

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