Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Central European Media Enterprises (Nasdaq: CETV) fell 15% today after its CEO had sold shares of the company’s stock.

So what: CEO Adrian Sarbu sold 9,433 shares on Wednesday of last week at $17.62, according to a filing with the SEC. Insider selling is often a bad sign for a stock, but with the market plummeting today, the sell-off was probably exaggerated by Sarbu’s sale.

Now what: Even after the sale, Sarbu directly owns 602,000 shares of the company, so this was really a drop in the bucket. The market has been looking for any reason to sell-off a stock, and it found it this morning. I wouldn’t be too concerned about the move today and don’t see this insider sale as a reason to dump the stock.

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