Bump(y) Business

Today the Philadelphia Inquirer reports that Mothers Work Founders Rebecca and Dan Mathias sold half of their stock in their company and may sell more. According to Thomas Ginsberg:

Shares fell 7 percent yesterday to $47.10 after dropping 11 percent on Wednesday before the announcement of the stock sale. Still, Mothers Work’s share price is up 269 percent for the year, and it posted its highest-ever close of $57.26 this week.

Rebecca C. Matthias, 53, president and chief operating officer, and her husband, Dan W. Matthias, 63, chairman and chief executive officer, sold the stock “for estate-planning, personal-asset-diversification, and liquidity purposes,” the company said in a statement.

Full credit for obvious attempts at adjusting to the market and responding to many new forces at play. And still..talk about timing being everything in this world….