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Are Warner Music Insiders Dumping Stock?

NEW YORK (Hypebot) – Wall Street analysts continue to show confidence in the Warner Music Group and investors recently snapped up $1.1 in WMG bonds. But according to respected investment trade publication Barron's, insiders are "hearing a different tune" and last week unloaded $3 million in stock.

Barron's points specifically to Vice Chairman of Strategy and Operations Michael Fleisher who on June 2nd sold 400,000 shares for $3 million, an average of $7.41 a share. Fleisher, who joined the company as CFO in 2005 still owns 766,207 shares.

(more @ Barron's, subscription required)