Insiders Trim Positions in Five Below Stock After 39% Run-Up
This stock has jumped 68% over the past year.
Overview
Five Below (NASDAQ: FIVE), the discount retail chain, has had a pretty good summer. The stock price has surged some 39% over the past two months to around $245 per share. It hit an all-time closing high of $262 per share on Aug. 24 and has returned about 68% over the past 12 months, including a 30% year-to-date return.
This past week, two Five Below insiders sold a slew of shares, according to Securities and Exchange Commission (SEC) filings. On Sept. 4, Director Michael Devine sold roughly 4,250 shares in two batches. He sold about 3,400 shares for $250.44 per share and then sold 850 shares for $251.28 per share. The total value of the sales was about $1.1 million.
Details
Devine still holds 12,953 shares of company stock which, at the current share price of $243, would be approximately $3.1 million.
Source
Originally published at www.fool.com.