Posts tagged as Stock Market
BP's Stock, One Awl Reader, Both Winners Six Months Later
Six months ago, BP's stock price had been halved from its January high. It seems that pumping 50-odd thousand barrels of oil per day into an open ocean is not a profitable use of oil? (Though, as we'll soon demonstrate, it can be.) With its stock under $30 and Congress sending out hearings e-vites to oil executives, we wondered where BP's stock would be six months later. READ MORE
Sell Some Stocks Now, Say Rich People
There's big profit-taking market moves during the mini-rally! CEOs and chairmen are selling the holy bejeesus out of their stocks. For one, Jeff Bezos cashed in for $65 million on Amazon-somewhere near 1% of his Amazon stock holdings-and then sold some more, three days later.
