Legacy Housing Form4 Filing Shows VP And Director Kenneth Shipley Sold 11,000 Shares At An Average Price Of $20.10/Share
Portfolio Pulse from Happy Mohamed
Legacy Housing's VP and Director, Kenneth Shipley, sold 11,000 shares at an average price of $20.10 per share, according to a recent Form4 SEC filing.
May 30, 2023 | 5:39 pm
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Legacy Housing VP and Director Kenneth Shipley sold 11,000 shares at $20.10 per share, which may cause short-term uncertainty for the stock.
Insider trading, especially when a high-ranking executive sells a significant number of shares, can cause short-term uncertainty in the stock price. Investors may interpret this as a lack of confidence in the company's future performance, leading to potential downward pressure on the stock price.
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IMPORTANCE 60
RELEVANCE 100