Director Mahoney sells 20,000 CORT shares at $84.53; stock now $81.75 vs $91.00 high; prior 2 sells at CORT both well-timed at 90d.
David L Mahoney sold 20,000 shares (43.3% of his holdings) at $84.53 on 2026-06-17, reducing his stake from 46,147 to 26,147 shares for total proceeds of $1,690,506.00. The stock has since fallen to $81.75, currently -10.2% from its 52-week high of $91.00, placing this sale within a broader positive 30-day (+48.3%) and 90-day (+139.9%) momentum context. Notably, both of his prior sales at CORT (on 2025-05-16) were well-timed at the 90-day mark, with negative post-sale returns of -3.6% and -2.9% respectively, suggesting a pattern of sales preceding declines at this ticker. The company reports a net loss of $31.8M against revenue of $164.9M (latest quarter), with a steep P/E of 185.80 and market cap of $8.8B, indicating significant valuation relative to profitability. This sale, combined with his consistent 90-day timing accuracy on prior CORT sales, warrants tracking of the stock's subsequent performance to confirm whether the pattern holds.