We made some money out of Experian (EXPN, 474p) after buying in November 2007 following directors purchases. We took profits in December 2008, follwing a share sale by non exec David Tyler, recording a 50% outperformance relative to the FTSE 100 share index.
Since then however, Experian shares have continued to perform well, rising by 13% with the market only just in positive territory, rising a paltry 1.6%.
Two transactions on May 20th and 21st have caused us to be more cautious on Experian:
- John Peace, the Chairman, has exercised options over 353,000 shares and sold them all, realising 1.75m pounds. He maintains his position at 1.1 million shares.
- David Tyler, the non exec who sold shares in December, has sold a further 100,000 shares at 479.55p.
View on Experian: Negative, Directors selling shares
Strength of Signal: Strong
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