THQ boss Farrell sells off stock

The chief executive of wrestling games publisher THQ has exercised options for 73,556 shares and sold 52,837 shares of stock, according to a filing at the Securities and Exchange Commission.

As reported by the Associated Press, Brain Farrell exercised options at USD 7.89 apiece and sold the shares for between USD 19.40 apiece to USD 19.69 apiece on Monday.

Under a prearranged trading plan, advance sales can be set up by a company employee even if he or she possess non-public information.

THQ said last week that sales were up during the third quarter, driven by its WWE franchise, but net income for the period was down 75 per cent to USD 15.5 million, from USD 62.1 million the previous year.