10% Shareholder Files Intent to Sell $800K in Shares, Continuing Recent Trend
CMRE sits 73% above its 52-week low of $8.83.
Summary
A 10% shareholder of Costamare Inc. has filed a Form 144 to sell an additional $800,957 in shares, extending a recent pattern of significant insider selling.
Key Events · Ownership and Investor Activity · CMRE
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Intent to Sell Shares
Christos Konstantakopoulos, a 10% shareholder, intends to sell 52,275 common shares with an approximate market value of $800,957.55.
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Continuation of Selling Pattern
This filing follows a series of Form 144s from 10% shareholders, including over $16.9 million in sales by Christos Konstantakopoulos in the past three months, indicating an ongoing reduction of holdings.
Analysis · CMRE · Energy & Transportation
Christos Konstantakopoulos, a 10% shareholder, has filed a Form 144 indicating intent to sell an additional $800,957 worth of shares. This filing is part of a broader pattern of sales by 10% owners, including over $16.9 million in sales by this specific individual in the past three months, which could create an overhang on the stock.
At the time of this filing, CMRE was trading at $15.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $8.83 to $18.06. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.