CFO Sacco sells 24,686 shares of PBH at $82.01 for $2.0M, reducing holdings by 45.0% while stock sits at 52-week high.
Sacco Christine, CFO of Prestige Consumer Healthcare, executed a substantial open-market sale of 24,686 shares at $82.01 on 2024-11-12, reducing her holdings from 54,809 to 30,123 shares (a 45.0% reduction). The transaction occurred at the 52-week high of $82.79, with the current price at +0.0% from that peak. Across her prior five trades at PBH, Sacco's timing has been mixed: three of five were well-timed at the 90-day mark (meaning the stock declined after), though her two most recent PBH sells in February 2024 saw the stock rise 9.7% and 9.2% in the 30 days following. Her cross-ticker track record shows a 60.00% well-timed rate on sells (average 90-day return +1.0%), indicating moderate predictive accuracy historically. The current sale at the 52-week high, combined with a substantial reduction of nearly half her position, aligns with historical moments when she has exited, though the outcome—whether this proves well-timed—remains to be observed in the coming quarters.