10% Shareholder Files Intent to Sell $1.84 Million in Shares
CMRE sits 83% above its 52-week low of $8.76.
Summary
A 10% shareholder of Costamare Inc. has filed a Form 144 to sell $1.84 million in shares, continuing a recent trend of insider selling.
Key Events · Ownership and Investor Activity · CMRE
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Intent to Sell Shares
Christos Konstantakopoulos, a 10% shareholder, filed a Form 144 to sell 114,710 shares of common stock, valued at approximately $1.84 million.
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Ongoing Selling Pattern
This filing is part of a series of Form 144s from 10% shareholders over the last month, indicating continued disposition of shares.
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Recent Sales History
The same filer has sold 800,000 shares for gross proceeds of $13.73 million in the past three months.
Analysis · CMRE · Energy & Transportation
A 10% shareholder, Christos Konstantakopoulos, has filed a Form 144 indicating an intent to sell approximately $1.84 million worth of common stock. This follows a pattern of similar filings from 10% shareholders over the past month, contributing to ongoing selling pressure.
At the time of this filing, CMRE was trading at $16.03 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $8.76 to $18.06. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.