Michael Sachs, Director at NEW CENTURY FINANCIAL CORP (NEWCQ), sold 299,371 shares at $0.01 ($3K) on 2007-12-31, disclosed to the SEC on 2008-01-07.
Open-market sale of $3k NEWCQ by Director. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.01 | 10,000 | $100 | 3.3% |
| 2 | $0.01 | 30,000 | $300 | 10.0% |
| 3 | $0.01 | 65,000 | $650 | 21.7% |
| 4 | $0.01 | 86,523 | $865 | 28.9% |
| 5 | $0.01 | 107,848 | $1K | 36.0% |
| Total | $0.01 avg | 299,371 |
| $3K |
| 100% |