KEY CFO Andrew Paine III sells 65,961 shares at $23.23; stock up 28.9% in 90 days as company faces -28.0% annual revenue decline.
Paine sold 65,961 shares (28.4% of his pre-transaction holdings) at $23.23, near the stock's 52-week high of $23.21, as KEY stock has risen 28.9% over 90 days. His cross-ticker track record shows a 100% well-timed rate on prior sells (stock fell after each), with his prior KEY sale on 2024-11-06 producing -5.7% returns over 90 days. However, this sale occurs against deteriorating fundamentals: the company reported -28.0% annual revenue decline and was unprofitable over its most recent full fiscal year. The timing coincides with a sharp recent rally rather than proactive repositioning ahead of weakness. Investors should monitor whether this high-level finance executive's reduction of exposure signals caution about forward prospects despite near-term positive momentum.
Head of Institutional Bank Paine Andrew J III sold 66,362 shares (94.0% of holdings) of KEY at $19.03; prior buy at KEY rose 22.6% in 90 days.
Paine Andrew J III executed a substantial liquidation of his KEY position, selling 66,362 shares at $19.03 on 2024-11-06 and retaining only 4,265 shares (4.3K shares) post-transaction. This represents a 94.0% reduction in his holdings. His prior purchase at KEY on 2023-05-03 appreciated 22.6% over 90 days, establishing a pattern of well-timed buying at this ticker. The current stock price of $18.97 sits near the 52-week high of $19.97, suggesting he exited near peak valuation. However, fundamental headwinds are evident: net income stands at $-410.0M against revenue of $695.0M, and annual revenue growth is -11.8%, creating a backdrop of deteriorating earnings despite recent positive price momentum (90-day change of +29.8%).
