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.”
Blue Ridge Capital also owns over $320 million in Monsanto stock and should be immediately abandoned by all investors.
Monsanto share prices plummeting ever since the March Against Monsanto
So far this year, Monsanto (MON) share prices have plummeted from a high of $109 to a current trading range around $95. That’s a drop of nearly 13%, and the bad news for Monsanto just keeps coming.
For one, the European Union’s new food safety guidelines affirm the methodology and findings of the Seralini GM corn rat study. As much as the biotech industry and all its pimped-out science trolls have attempted to attack the study, the secret is already out: GM corn causes cancer tumors and consumers accurately see GM corn as equivalent to a “poison” symbol on foods.
The Seralini study, by the way, found that:
•Up to 50% of males and 70% of females suffered premature death.
•Rats that drank trace amounts of Roundup (at levels legally allowed in the water supply) had a 200% to 300% increase in large tumors.
•Rats fed GM corn and traces of Roundup suffered severe organ damage including liver damage and kidney damage.
•The study fed these rats NK603, the Monsanto variety of GM corn that’s grown across North America and widely fed to animals and humans. This is the same corn that’s in your corn-based breakfast cereal, corn tortillas and corn snack chips.
Read more here: http://www.whydontyoutrythis.com/2013/09/monsanto-insiders-dump-stock-as-the-truth-about-gmos-spreads-across-wall-street.html
Graham
No comments:
Post a Comment