Director Thompson sells ~293K shares over three days for $13.4M as stock rallies off lows but trails 52-week high.
Director Thompson Peter A. has sold nearly 293,000 shares totaling $13.4 million across three days in early May, representing his third consecutive wave of open-market sales in the trailing 36-month window. The timing is notable: the stock has rallied roughly 20% over the past three months and currently trades just below its 52-week high, yet the company remains unprofitable with ongoing quarterly losses. His prior sales at this ticker show mixed results—roughly half were well-timed exits that preceded stock declines, while the other half saw the stock rise afterward, suggesting inconsistent predictive value. The scale of this sale is material relative to his prior activity, though the unprofitable company's fundamentals and the stock's proximity to recent highs could suggest he is trimming holdings rather than expressing concern about near-term direction.