Manuel T. Pacheco, Director at PNM RESOURCES INC (PNM), sold 7,500 shares at $18.46 ($138K) on 2012-05-10, disclosed to the SEC on 2012-05-11.
Seasonal sale ($138k) by Director — this insider has traded PNM in May in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.