this post was submitted on 08 Mar 2025
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Interesting. What is really causing the rapid decline (lemmy.world)
submitted 1 day ago by [email protected] to c/[email protected]
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[–] [email protected] 48 points 1 day ago* (last edited 1 day ago) (3 children)

This particular decline was caused by a bunch of insiders, including one greedy pigboy, selling some of their shares.

That's not necessarily a sign of any problems at the company, though. These insiders are probably carrying this equity from before it ever went public and sell shares periodically as part of their (insane) compensation. For instance, the aforementioned greedy little pigboy sold $2m according to that article, but still holds more than $90m at current valuations.

[–] Jinzul 13 points 1 day ago* (last edited 1 day ago)

There have been multiple sellers since the end of Feb that have had an impact. Pays to be an insider lol.

Specifically, insider Benjamin Seong Lee sold 92,299 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $157.35, for a total value of $14,523,247.65. Following the transaction, the insider now directly owns 115,001 shares of the company's stock, valued at approximately $18,095,407.35. This trade represents a 44.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michelle Marie Reynolds sold 11,965 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $157.41, for a total transaction of $1,883,410.65. Following the transaction, the chief accounting officer now owns 48,418 shares in the company, valued at $7,621,477.38. The trade was a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CEO Steve Ladd Huffman sold 14,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $160.30, for a total transaction of $2,244,200.00. Following the transaction, the chief executive officer now directly owns 597,515 shares in the company, valued at $95,781,654.50. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

[–] [email protected] 3 points 1 day ago

That’s not necessarily a sign of any problems at the company, though.

It's a very strong sign that there aren't a lot of people waiting to buy.

But then, as many people already commented, the market is not very hot right now.