John Kunze, President and Chief Executive Officer at Xoom Corp (NASDAQ:XOOM), unloaded 18,750 shares of Common Stock, directly, yesterday. The reported sale reported was effected pursuant to a previously established Rule 10b5-1 trading plan and the stock was sold for a weighted average price of $21.39 per share. Furthermore, the insider also exercised his use of stock options in order to complete the transaction. Selling Xoom Corp stock is nothing new to Kunze, as he has continuously been unloading shares throughout the fiscal year, with his most recent disposition, executed in May, consisting of 25,500 shares which were sold for $20.96 per share.
Last week, two other insiders also unloaded shares. Julian King, Senior Vice President of the $845.7 million market cap online money transfer firm, sold 15,000 shares of Common Stock on Friday, for a price of $21.73 per share. Meanwhile, on the same day, company director Kevin Hartz closed yet another stock disposition (he’s been executing stock sales regularly since the beginning of the fiscal year) of 29,600 shares of Common Stock for a price of $21.73 per share.
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