Market Neutral Fund Glg, 10% Owner at MAGNA ENTERTAINMENT CORP (MECA), sold 1,126,801 shares at $7.22 ($7.2M) on 2005-12-29, disclosed to the SEC on 2009-01-08.
Open-market sale of $7.2M MECA by 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.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $5.29 | 37,200 | $197K | 2.7% |
| 2 | $5.24 | 34,500 | $181K | 2.5% |
| 3 | $6.09 | 100,000 | $609K | 8.5% |
| 4 | $5.26 | 49,500 | $260K | 3.6% |
| 5 | $6.02 | 50,000 | $301K | 4.2% |
| 6 | $5.28 | 36,000 |
| $190K |
| 2.6% |
| 7 | $4.76 | 64,000 | $305K | 4.2% |
| 8 | $6.75 | 100,000 | $675K | 9.4% |
| 9 | $6.69 | 100,000 | $669K | 9.3% |
| 10 | $7.58 | 141,800 | $1.1M | 15.0% |
| 11 | $7.25 | 80,000 | $580K | 8.1% |
| 12 | $7.22 | 62,300 | $450K | 6.3% |
| 13 | $7.16 | 57,700 | $413K | 5.8% |
| 14 | $6.71 | 100,000 | $671K | 9.4% |
| 15 | $5.40 | 17,405 | $94K | 1.3% |
| 16 | $5.40 | 9,000 | $49K | 0.7% |
| 17 | $5.22 | 87,396 | $456K | 6.4% |
| Total | $6.37 avg | 1,126,801 | $7.2M | 100% |