William Spivey, Director at NOVELLUS SYSTEMS INC (NVLS), sold 1,666 shares at $42.17 ($70K) on 2011-12-15, disclosed to the SEC on 2011-12-16.
Scheduled sale ($70k) 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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