Host Hotels and Resorts Inc (NYSE:HST) insider Elizabeth Abdoo sold 50000 shares at an average price of $22.17 on Wednesday. This isn’t her first million dollar sale. Back in March she also sold 50,000 shares at $20.25 per share. Host Hotels and Resorts Inc (NYSE:HST) hasn’t seen any insider purchases since 2009 when they were snapping up shares at around $3 per share. This tells us that the company is granting too many options/shares to their executives and they are diversifying their holdings. Insider sales are usually not bearish signals. However, Elizabeth Abdoo sold more than she recently acquired. She had 298K shares back in September. This number currently stands at 221K.
There are other Host Hotels and Resorts Inc (NYSE:HST) insiders selling recently. Gregory Larson sold 42K shares at $21.70 netting almost $1 million. President and CEO Edward Walter also dumped 200,000 shares for more than $4.25 million. He has only 100K shares under his name now.