Cytori (CYTX) A Daily Perspective, Sellers beget Buyers
CEO Chris Calhoun executed … expiring and past awarded options, as we all know – one has to sell to pay for the transaction to net-out the difference with CYTX getting $633K from the transaction. The CEO did not net any huge amount to reward past, future and present services but, the company did receive … the bulk of the difference.
The following transactions were reported on a Form 4 filed with the S.E.C. on 2/6/12:
Date(s) Trans Type Shares Price(s)
——————- ————– ————— —————–
2/2/12 – 2/3/12 Exercise 205,000 $3.09
2/2/12 – 2/3/12 Sale 205,000 $4.00–$4.11
The Bottom Line, My Opinion: Let’s not focus on one CEO’s sale … or negative articles … CYTX’s stock dropped from an open of $4.18 (yesterday close $4.32) to $4.05 (mid-day) … Reiterating from “Today’s Gospel” … profit taking is contributing to the … weakness in the market; with the NASDAQ pulling back off the 11 year closing high it set last Friday. I believe this is a shorts down draft <ratio 17.5% or 7.54M shares> … many who have been waiting for a pullback opportunity … as the shares are rebounding slowly, investors have been waiting <anticipated> for a pull-back <it seems to be a common occurrence post when there is an abrupt run-up> and it seem s some investors are accumulating <currently 109K bid – out there> having seen the drop as a BUY – the shorts should be worried by small push forward …my guess is the pull-back is artificial … or maybe not?
- CYTX is currently trading at $4.08 down $0.24 <-5.56%> on volume of 1,179,589 shares. Average volume (10 day) + 915,400 while Average volume (3 mo) + 440,092 … big move!