Director KERREY J ROBERT sells 9,525 shares at avg $125.43 for $1.2M; stock down 28.1% from 52-week high
Director KERREY J ROBERT executed 6 separate sales totaling 9,525 shares for $1,194,752.41, reducing his holdings by 25.8% from 36.9K to 27.4K shares. The blended average price of $125.43 sits 3.5% above the current price of $121.20, but this sale occurred as the stock trades -28.1% from its 52-week high of $168.52 and down 13.1% over the prior 30 days. Examining his prior THC trades (5 prior sells in May 2024), those sales were followed by 90-day returns of +23.5%, +22.5%, +21.8%, +22.3%, and +21.0%—none well-timed; the stock rallied after each prior sale. The company reports strong fundamentals with $5.1B in revenue and $681M net income, though annual revenue growth is minimal at +0.6% and the P/E ratio of 1.72 is unusually low. The current selling pattern, combined with the stock's substantial decline from recent peaks and the historical pattern of his prior THC sales being followed by gains, warrants attention to whether this liquidation reflects changed conviction or execution of a scheduled program.