Toll Brothers CEO Sets Up Plan To Sell Shares--Should You Worry About Other Homebuilders' Insiders Selling Shares?
Last night, Toll Brothers (NYSE: TOL) CEO Bob Toll set up a plan to sell 3 million shares of Toll's stock. Insiders selling at these homebuilders is very important to watch because the insiders' sales have proved to have great timing as the stocks have fallen in like kind in the upcoming months. Take a look at at an article we put out on March 2, 2005, titled TOL Executives Selling Stock At High Clip.
Homebuilders stocks have recently gained back some of their losses, thus at these higher prices, I wouldn't be surprised to see more execs set-up 10b5-1 stock selling plans. Homebuilders I would pay attention to include: Lennar (NYSE: LEN), Pulte (NYSE: PHM), Centex (NYSE: CTX) and KB Home (NYSE: KBH).
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