Director Andrew Briggs Files Intent to Sell Additional $82K in Shares, Following Recent Sales
FMAO sits 24% above its 52-week low of $22.587 on light trading volume (0.1× avg).
Summary
Director Andrew Briggs plans to sell an additional $82,770 worth of shares, continuing a pattern of insider selling that has totaled over $728,000 in the last three months.
Key Events · Ownership and Investor Activity · FMAO
-
Director Files Intent to Sell
Director Andrew Briggs filed a Form 144 to sell 12,000 common shares, valued at approximately $82,770.
-
Continuation of Recent Selling Pattern
This proposed sale follows previous dispositions by Briggs, who has sold 24,000 shares for gross proceeds of $645,360 over the past three months.
-
Cumulative Insider Distribution
The total value of shares sold and intended to be sold by Director Briggs in the last three months amounts to over $728,000.
Analysis · FMAO · Finance
Director Andrew Briggs has filed a Form 144 indicating intent to sell 12,000 shares valued at approximately $82,770. This follows a pattern of recent sales by Briggs, who has already sold 24,000 shares for $645,360 in the past three months. The cumulative selling activity by a director, totaling over $728,000, represents a notable distribution signal from an insider.
At the time of this filing, FMAO was trading at $27.94 on NASDAQ in the Finance sector, with a market capitalization of approximately $384.7M. The 52-week trading range was $22.59 to $29.83. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.