Frank Stronach, Chairman, 10% Owner at MAGNA ENTERTAINMENT CORP (MECA), sold 628,570 shares at $1.41 ($886K) on 2008-11-25, disclosed to the SEC on 2008-11-28.
Open-market sale of $886k MECA by Chairman, 10% Owner. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Negative factors outweigh the positive ones.