Executive COB Stuart Rose Sells $614K in REX Stock, Following $4.49M Form 144 Filing
REX has more than doubled off its 52-week low of $21.93.
Summary
Executive COB Stuart Rose sold $614,396 of REX stock, marking the first reported transaction under a larger $4.49 million selling plan filed on the same day.
Key Events · Ownership and Investor Activity · REX
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Executive COB Sells Shares
Stuart A. Rose, Executive COB, sold 13,584 shares of common stock for a total of $614,396 at an average price of $45.23 per share.
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Part of Larger Selling Plan
This sale is the first reported transaction following a Form 144 filed by Mr. Rose on the same day, indicating an intent to sell approximately $4.49 million worth of shares.
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Adds to Insider Distribution Trend
This transaction contributes to a recent pattern of insider selling, with net insider sales totaling over $247,857 in the last 90 days prior to this filing.
Analysis · REX · Industrial Applications And Services
Executive COB Stuart Rose sold over $614,000 worth of REX stock. This transaction follows a Form 144 filing by Mr. Rose on the same day, indicating an intent to sell approximately $4.49 million in shares. This Form 4 represents the initial execution of that larger selling plan, adding to a recent trend of insider distribution.
At the time of this filing, REX was trading at $44.55 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $21.93 to $53.36. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.