4 Top Carrizo O&G Officers, Incl CEO, Sell 50K Shares of Company Stock

It’s always a bit dangerous to shoot off your mouth when you don’t have the proper context and background to understand something–and we have to confess we don’t know much about this case. We spotted something that tickled our fancy and we wanted to pass it on. Four top officers in Carrizo Oil & Gas, a producer that previously did some drilling in the Marcellus but lately is drilling in the Ohio Utica, recently (on Monday, June 1st) sold some of their shares in the company. Cumulatively it was 49,689 shares valued at $2,476,038. The people doing the selling were the Chief Financial Officer, the Chief Accounting Officer, the Chief Operating Officer and the Chief Executive Officer. Is this no big deal and just a few employees selling when the stock is on the upswing? Probably. Still, it just struck us as a bit odd that all four sold their stock on the same day…

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