Five Below chairman sells $4 million in stock

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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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: FIVE

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