William Spivey, Director at NOVELLUS SYSTEMS INC (NVLS), sold 6,667 shares at $38.00 ($253K) on 2011-05-13, disclosed to the SEC on 2011-05-17.
Scheduled sale ($253k) by Director 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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