Q: Good Morning
According to the information provided by my broker, the CEO of ATD has reduced the number of common shares held from about 970,000 shares to just over 300,000 in January 2024.
Do you view this as significant ?
Thank you as always for your insight.
According to the information provided by my broker, the CEO of ATD has reduced the number of common shares held from about 970,000 shares to just over 300,000 in January 2024.
Do you view this as significant ?
Thank you as always for your insight.
5i Research Answer:
While a big number, the founders of ATD own a LOT more stock than the CEO. We typically worry less about insider sales at this time of year, as many sales are related to taxes, options and portfolio management factors. Thus, we would not see this as significantly worrying.