Applebee’s, Così and Chipotle executives sell stock shares

In typical fashion, stock sales by corporate insiders increased at the end of 2006, according to various market data, with at least three restaurant company chairmen joining the bandwagon and disposing of company stock in December.

The sales by the three executives were made under prearranged 10b5-1 trading plans. The 10b5-1 rule allows company insiders to set up securities trading programs in advance and then proceed with transactions even when in possession of material nonpublic

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TAGS: Finance
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