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Kirk Kerkorian Ford Sale!

Posted on October 21st, 2008 in Bailout, Banking, Kirk Kerkorian by lalate

Kirk Kerkorian Ford Sale


Kirk Kerkorian has sold Ford stocks! Kirk Kerkorian’s Tracinda sold tons of Ford shares today and may sell all his stock. Kerkorian’s Tracinda sold 7.3 million shares at $2.43 today, a huge loss. He still owns 133 million shares, 6.09% of the company.

Beverly Hills’ “Golden Trangle” - based Tracinda says it also “intends to further reduce its holdings of Ford common stock, including the possible sale of all of its remaining 133,500,000 shares”.

Kerkorian’s Tracinda had paid $8.5 a share for the stock in April and June 2008.




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