Is It Time to Sell Universal Technical Institute Stock After A Long-Time Investor Dumped 3 Million Shares?
As a leading provider of technical education, this company reported significant insider selling in its latest SEC filing.
Is It Time to Sell Universal Technical Institute Stock After A Long-Time Investor Dumped 3 Million Shares?
Overview
Long-time investor Coliseum Capital Management, which also has a seat on the board of directors, sold most of its position in Universal Technical Institute (NYSE:UTI) on June 8. The asset manager sold 3.0 million shares of Common Stock at $41.40 per share, according to a SEC Form 4 filing.
Is this a signal for other investors to sell?
Details
Transaction value based on SEC Form 4 reported price ($41.40).
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
