Director Raymond T. White sells 2.80M shares (96.9% of holdings) at $2.40 in 5 transactions totaling $6.7M at CCO
Director Raymond T. White executed 5 separate sales totaling 2,804,171 shares for $6,716,994.05 on 2026-06-15, reducing his holdings from 2,895,174 shares to 91,003 shares—a divestiture of 96.9% of his pre-transaction position. The sales occurred at $2.40 per share, which is -1.2% from the stock's 52-week high of $2.43 and near the top of the 52-week range. The company reported a latest-quarter net income of $-48,594,000.00, placing it in a loss position despite flat revenue of $373,864,000.00 and positive annual growth of 6.6%. This near-complete liquidation of a director's stake warrants scrutiny given the company's profitability challenges and the magnitude of shares being removed from insider ownership.