CTRI 10% owner reports substantial share sales
Repeated substantial sales by a 10% owner are a notable negative signal, but do not by themselves establish a change in the company’s outlook.
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Repeated substantial sales by a 10% owner are a notable negative signal, but do not by themselves establish a change in the company’s outlook.
What happened, with direct paths to the underlying reporting
Carl C. Icahn reported CTRI sales totaling about $9.15 million across two consecutive reporting dates, including a latest reported sale of 324,700 shares worth about $5.68 million. The repeated selling is a bearish insider signal, though the disclosures do not establish his remaining stake or reason for selling.
Insider: ICAHN CARL C
Role: 10 percent owner
Transaction: S-Sale
Shares: 324,700
Price: $17.5
Value: $5,682,250
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