Acushnet Holdings shares are trading lower after a Form8 filing disclosed that Fila Holdings sold 1,110,000 shares.
Portfolio Pulse from Benzinga Newsdesk
Acushnet Holdings shares are trading lower after a Form8 filing disclosed that Fila Holdings sold 1,110,000 shares.
August 09, 2024 | 1:11 pm
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Acushnet Holdings (GOLF) shares are trading lower following the sale of 1,110,000 shares by Fila Holdings as disclosed in a Form8 filing.
The sale of a significant number of shares by a major shareholder like Fila Holdings can lead to a decrease in stock price due to increased supply and potential concerns about the shareholder's confidence in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100