on June 4, the president and chairman of Leucadia National (LUK) together sold $51+ million of stock.  The president sold 400kshares at $48.95 and the director sold 650k shares at $48.95.  The stock closed 6/9/08 at $50.69 and was at $48 back in September, so it has traded in a narrow range.   Interesting, since this is the second stock that I have profiled that is higher after a very large insider sale(s).

Leucadia National Corporation, through its subsidiaries, engages in manufacturing, telecommunications, property management and services, gaming entertainment, real estate activities, medical product development, and winery operations. Its manufacturing operations include remanufacturing dimension lumber, home center boards for large retailers, pine decking, and other specialty wood products, as well as lightweight plastic netting used in building and construction, erosion control, packaging, agricultural, carpet padding, filtration, and consumer products.

Track significant sells by directors at:

http://www.trackthepros.com/categories.php?category_id=662

Track significant sells by officers at:

http://www.trackthepros.com/categories.php?category_id=661