Director Andrew A. F. Hack sold 1,250,000 shares of NUVL for $110.0M on 2024-12-11; stock down 22.6% from 52-week high.
Director Andrew A. F. Hack sold 1,250,000 shares at $88.00 on 2024-12-11, reducing his holdings by 46.3% to 1,447,267 shares and netting $110,000,000.00. The sale occurred at $88.00, whereas the stock now trades at $86.86, down 22.6% from its 52-week high of $112.17. At the same ticker (NUVL), his prior two sales on 2024-03-27 both resulted in positive 90-day returns (+4.5% and +11.2%), meaning the stock rallied after he sold—a poorly-timed outcome. The company remains unprofitable with a net income of $-84,345,000.00 over the most recent full fiscal year. This large director liquidation at an elevated price level, coupled with the company's ongoing losses and a prior pattern of selling before subsequent stock appreciation, warrants investor attention to both the underlying business health and the directional signals this position reduction conveys.