Stephen A. Novick, Director at TOLL BROTHERS INC (TOL), sold 31,000 shares at $33.91 ($1.1M) on 2013-12-18, disclosed to the SEC on 2013-12-20.
Seasonal sale ($1.1M) by Director — this insider has traded TOL in December in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
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