10% owner Levenstein sold 9,767 shares of UNF at $153.46 (−16.7% of holdings); stock down 15.4% from 52-week high.
Levenstein, a 10% owner, executed a sale of 9,767 shares at $153.46 on 2024-06-21, reducing her stake from 58,325 to 48,558 shares. The transaction occurred as UNF is trading 15.4% below its 52-week high of $185.42 and has declined 6.2% over the past 90 days. Her prior trading history at UNF shows four recent sales (three on 2024-06-03 and one on 2024-06-04, and one on 2024-06-20), indicating a sustained pattern of liquidation over a narrow timeframe in early-to-mid June. While UNIFIRST maintains solid fundamentals—11.6% annual revenue growth, a market cap of $3.1B, and net income of $20.5M in the latest quarter—the concentrated selling activity by a major shareholder over consecutive days warrants attention as a signal of significant portfolio repositioning.
10% owner Levenstein Cecelia sold 9,733 shares of UNF at $153.29 on 2024-06-20 for $1,491,971.57
Levenstein Cecelia, a 10% owner, sold 9,733 shares of UNIFIRST CORP at $153.29, reducing her holdings by 14.3% to 58,325 shares post-transaction. The stock has since declined 17.3% from its 52-week high and 7.7% over the past 30 days. This sale occurs within a pattern of four prior sales at this ticker completed in June 2024, with the most recent sale on 2024-06-21 immediately following this transaction. No measurable outcomes are yet available for any of these June trades. The company fundamentals remain solid with $590.7M quarterly revenue, 11.6% annual growth, and a P/E of 26.59, though recent price action suggests market reassessment may be underway.
