Rick E. Winningham, Chief Executive Officer at THERAVANCE INC (THRX), sold 63,873 shares at $22.53 ($1.4M) on 2011-03-01, disclosed to the SEC on 2011-03-03.
Scheduled sale ($1.4M) by Chief Executive Officer under a pre-arranged 10b5-1 plan. Pre-set trade — not a discretionary signal on the stock.
Negative factors outweigh the positive ones.
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