Director Benet Lincoln E sold 35,000 shares of WMG at $30.96 on 2024-12-20; stock now $31.08, down 16.5% from 52-week high.
Benet Lincoln E (Director) executed an open-market sale of 35,000 shares at $30.96 on 2024-12-20, reducing his holdings by 12.6% from 277,360 to 242,360 shares for $1,083,600.00 total proceeds. His prior sell at WMG on 2024-02-15 posted a 90-day return of -9.7%, matching his cross-ticker track record average of -9.7%, and that prior trade was classified as well-timed (100.00% of his prior sells yielded negative 90-day returns). The stock has since traded down 2.4% in the 30 days following this sale and currently sits at $31.08, down 16.5% from its 52-week high of $37.23. Company fundamentals show recent quarterly revenue of $1,554,000,000.00 with net income of $139,000,000.00 and annual revenue growth of 6.4%, though the P/E ratio appears anomalous (0.00) and the reported market cap ($33,224.52) does not align with typical WMG valuation. The sale represents a discretionary reduction in a meaningful portion of his stake at a price within the recent trading range but below the 52-week high.