Goldman Sachs sold $250 million of BP stock before spillBy John Byrne
Jun. 02, 2010
Baltimore: Robert E. Lee Statue Replaced With Statue of Pregnant Black Woman
POLL: 62% Of Americans Believe Confederate Statues Should Remain, Only 27% Disagree
Troglodyte Throws 'Boiling Hot Coffee' On Alex Jones In Streets Of Seattle, Media Celebrates
ACLU Will No Longer Defend 1st Amendment Rights Of Those Who Exercise 2nd Amendment
These Videos Show The Alt-Left Violence Trump Talked About During His Epic Press Conference
Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment
The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.
According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter.