Five Below chairman sells $4 million in stock

By Bobby Raines,

Shutterstock photo

Bobby Raines 03/31/2014

David Schlessenger, the chairman of the board at Five Below ( FIVE ) , sold 97,530 shares of the company's common stock on March 26. At $43.47 per share, Schlessinger pulled in $4,239,386 from the sale.

IK-> The technicals for FIVE ($42.40 down $0.55) are bullish with a neutral trend. Recent support has been around $38.00 and recent resistance has been near $43.23. Standard & Poor's has a 3 STARS (out of five) ranking on the stock. Look at the August 50/55 bear-call spread for a 45-cent credit. That's a 9.9 return and the stock has to rise 17.9% 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 Nasdaq, Inc.

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This article appears in: Investing Options
Referenced Stocks: FIVE

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