News for hackers. Stuff that matters.

A comment on SolarWinds’ shares drop 22 per cent. But what’s this? $286M in stock sales. Parent comment

Re:SolarWinds’ shares drop 22 per cent. But what’s this? $28... by 0goel0 on Thursday December 17, 2020 @12:10AM (#25452731)
Outstanding is a bad metric. "Float" is a better one.

SWI has 53 million floating shares, resulting in 53m*23= $1.2 billion today.

So a quarter of float traded. That is crazy movement.

[ Parent | on HN ]
Re:SolarWinds’ shares drop 22 per cent. But what’s this? $28... by Sebguer on Thursday December 17, 2020 @12:28AM (#25452833)
Agreed this metric is better, but the article also notes that these two firms own 70% of SolarWinds so any meaningful sale would be large by this measure I think?
[ Parent | on HN ]