medium
Sell
16,530 shares
$1,223,220
Significance
5/10
Vice Chairman Eric Cantor sold 16,530 shares of MC at $74.00 (Feb 19); stock down 12.2% from 52-week high
Vice Chairman Eric Cantor sold 16,530 shares for $1,223,220.00, reducing his holdings from 235,335 shares to 218,805 shares. The sale occurred at $74.00 per share, while the stock currently trades at $71.27—below both the transaction price and the 52-week high of $81.20. The company reported a negative net income in its most recent full fiscal year, creating a backdrop of operational challenges. The sale represents a 7.0% reduction of his pre-transaction holdings, a material but not overwhelming reduction of his position in the company.