August 23, 2013
Monsanto executives and insiders are dumping Monsanto stock in record volumes, sending the stock price spiraling downward. CEO Hugh Grant just sold off 40,000 shares at $97.74, and both Janet Holloway and Gerald Steiner – both high-level Monsanto executives – recently ditched more than 10,000 shares each. Tom Hartley also bailed on another 6,000 shares at $100.15. (See sources below.)
Hedge funds, meanwhile, are also dumping Monsanto stock, most likely due to sharply increased “negative sentiment.” This means people increasingly don’t like Monsanto, and that’s a direct result of all the growing realizations about the dangers of GMOs, Monsanto’s predatory business practices, the company’s dangerous experiments that have already unleashed genetic pollution, and the fact that GM corn has been experimentally found to cause widespread cancer tumors in rat studies.
Just the fact that Monsanto’s GE wheat trials got out of control and contaminated a wheat field in Oregon – causing Japan and South Korea to ban U.S. wheat imports – has resulted in 150 groups now demanding the USDA keep a tighter lid on Monsanto’s GMO experiments. These groups are fed up with seeing the market value of their crops destroyed by sloppy “open field” experiments being conducted by Monsanto that spread genetic pollution across the country and contaminate non-GMO crops. (Monsanto goes even further and actually sues the farmers whose fields they contaminated!)
Hedge funds dumping Monsanto
As InsiderMonkey.com reports, Monsanto “has experienced declining interest from the entirety of the hedge funds we track.”
The report goes on to say:
At the top of the heap, Jeffrey Vinik’s Vinik Asset Management said goodbye to the largest stake of the 450+ funds we monitor, totaling close to $100.8 million in [Monsanto] stock. Sean Cullinan’s fund, Point State Capital, also dropped its [Monsanto] stock, about $54.7 million worth.
These sales leave Stephen Mandel’s Lone Pine Capital with the largest holdings of Monsanto, over $613 million worth of the company’s stock. Natural News urges all investors to ditch Lone Pine Capital and take your money somewhere else that doesn’t invest in “the world’s most evil corporation.”
(Article continues on next page.)
This article was posted: Friday, August 23, 2013 at 5:59 am
<!– this is where we need to show the related articles
–> …read more
Republished from: Infowars