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Started By
Message
My company stock jumped $10 over night.
Posted on 7/20/16 at 11:59 pm
Posted on 7/20/16 at 11:59 pm
And I decided to sell off my stock. They started off as options at $32 and went to $92 when I exercised them. Stock was hovering around $97 for the last couple of months and went to $107 today and I sold. Would you have kept them or sold them?
8
Posted on 7/21/16 at 12:04 am to Rize
Probably not, but there are so many variables to this question, that no can possibly give you a proper answer.
How many shares, your diversification, companies potential, retirement horizon, etc, etc.
How many shares, your diversification, companies potential, retirement horizon, etc, etc.
Posted on 7/21/16 at 12:11 am to southernelite
I was heavy in company stock in my portfolio. I exercised 1000 shares but still have 200 that are vesting and 35% of my 401k is in company stock. The other question I have is do I knock my 401k down to 12 to 15% stock and get rid of the rest of those. The gurus have the stock valued at $72 and it has well out performed their expectations. Zacks has it ranked as a top 5 sell.
This post was edited on 7/21/16 at 12:19 am
Posted on 7/21/16 at 7:38 am to Rize
If I were you I would divest from company stock as soon as possible. In a worst case scenario, you don't want to lose your job and have your retirement accounts tank at the same time.
Posted on 7/21/16 at 8:01 am to tigeralum06
quote:
If I were you I would divest from company stock as soon as possible. In a worst case scenario, you don't want to lose your job and have your retirement accounts tank at the same time.
This was my first thought too. I would get down to 10% max in company stock as much as possible.
Posted on 7/21/16 at 8:05 am to Rize
Care to share what company?
Posted on 7/21/16 at 8:28 am to Rize
quote:
Would you have kept them or sold them?
That's a big jump.
I'd have to have more info to tell you what I would do, but the info I'd have to have will get us both in trouble for insider trading. =)
Posted on 7/21/16 at 9:23 am to Rize
I think it's a good move to diversify your portfolio away from the company you work for. I've seen a couple friends have great jobs turn sour due to economic climate and not only did the potential for job loss become realistic, they also saw their retirement portfolio diminish when their company stock dropped 90%.(most examples I saw were from the energy sector since I live in Houston.)
Posted on 7/21/16 at 9:44 am to HYDRebs
I think you made a killing... Congrats!
This is similar to people that own a home and then buy a bunch of REIT investments. It can quickly lead to overexposure in an industry without cognizantly realizing it.
This is similar to people that own a home and then buy a bunch of REIT investments. It can quickly lead to overexposure in an industry without cognizantly realizing it.
Posted on 7/21/16 at 9:58 am to Rize
Agree with the the general consensus on here that diversifying is important. Also possible to lower your risk in a concentrated position by other means such as a costless collar or something along those lines. Just a thought.
Posted on 7/21/16 at 5:45 pm to Rize
I'm shocked a company allows you to sell of your stock like that. At my company, that'd probably be a fireable offense.
Posted on 7/21/16 at 6:03 pm to athenslife101
From the CEO and Chairman on down, people do sell stock for tax planning and various other reasons. Unless it involves some sort of illegal activity (like trading on material, nonpublic information) or being on the BoD and being required to hold a certain number of shares, I've never heard of anyone being fired for selling a portion of their publicly traded company stock - even restricted shares.
Without giving a name, what sort of company do you work for, the industry, I mean?
Without giving a name, what sort of company do you work for, the industry, I mean?
Posted on 7/21/16 at 6:07 pm to athenslife101
quote:
I'm shocked a company allows you to sell of your stock like that. At my company, that'd probably be a fireable offense.
Just because he is part of the company does not mean that he has actionable knowledge.
We have a blackout list and cooling off periods for when certain levels across our company can buy or sell our stock. I'll assume he is not subject to those rules in his position.
Posted on 7/21/16 at 6:27 pm to Jag_Warrior
id rather not say but financial. Highly regulated. But public. No MNPI. But literally, if we don't get permission for every investment, we are in violation of at least company policy. That's why I dont invest currently. It's a huge pain in the arse.
Posted on 7/21/16 at 8:40 pm to kywildcatfanone
I'm going to move my 401k from 36% company stock to 12% tomorrow. I still have 200 shares in another account I waiting to vest and will continue to get more shares based on performance.
Posted on 7/22/16 at 8:05 pm to Rize
quote:
I exercised 1000 shares
@$107
now you can afford to have a hit put out on the guy that screwed up that trophy deer
Posted on 7/23/16 at 7:07 am to Rize
Sell them. The stock went up because an Wally at your main competitor discovered a bug in their new software product, so everyone there bought stock in your company.
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