In related news, CFO Devinder Kumar sold 312,469 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $6.62, for a total transaction of $2,068,544.78. Following the completion of the transaction, the chief financial officer now directly owns 478,890 shares of the company’s stock, valued at $3,170,251.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Harry A. Wolin sold 18,000 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $8.88, for a total value of $159,840.00. Following the transaction, the senior vice president now directly owns 688,116 shares of the company’s stock, valued at $6,110,470.08. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Not good news going into the Zen launch.
This might have something to do with Zen or it could also be that he is planning for Trump presidency.