Miami International Stock Is Up Big Since Its Debut. Is It a Buy as Insiders Trim?
Teekell's $137,370 disposition was executed under a Rule 10b5-1 trading plan adopted several months prior.
Overview
Judson Gray Teekell, a director at Miami International Holdings, Inc. (NYSE:MIAX), sold 3,000 shares of common stock on August 4, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($45.79); post-transaction value based on the August 4 market close ($45.34).
Details
Miami International Holdings is a mid-cap financial services infrastructure provider with a $4.4 billion market capitalization that operates as a critical marketplace operator in U.S. capital markets. The company's diversified platform architecture across options, equities, and futures segments positions it to capture trading volume across multiple asset classes. MIAX maintains competitive advantages through its technology infrastructure, regulatory approvals across multiple asset classes, and established relationships with market participants seeking alternative execution venues.
Source
Originally published at www.fool.com.