This week social games company Zynga reported a $22.8 million net loss for the second quarter, falling more than 41 percent and now trading for $3.17 a share.
However, founder Mark Pincus and other large investors cashed out $516 million-worth of stock around April, selling 43 million shares at $12 a pop. Pincus himself sold 16.5 million shares for over $200 million, CFO David Wehner sold 386,000 for $4.6 million, and COO John Schappert sold 322,000 shares for $3.9 million.
While no wrongdoing has been found yet, it's certainly suspicious when a company dumps stock during the same quarter that its financial health declines.
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