Today it was reported that a Director at Resources Connection (NASDAQ: RECN), Anthony Cherbak, exercised options to sell 20,000 RECN shares at $14.48 a share, for a total transaction value of $371.6K.
Following Anthony Cherbak’s last RECN Sell transaction on January 08, 2016, the stock climbed by 6.2%. This is Cherbak’s first Sell trade following 6 Buy transactions.
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Based on Resources Connection’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $179 million and quarterly net profit of $5.74 million. In comparison, last year the company earned revenue of $141 million and had a net profit of $2.11 million. RECN’s market cap is $599.4M and the company has a P/E ratio of 26.80. Currently, Resources Connection has an average volume of 420.2K.
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Resources Connection Inc. engages in the provision of business consulting services. It offers consulting and business initiative support services to its global client base in the areas of accounting, finance, corporate governance risk and compliance management, corporate advisory strategic communications and restructuring, information management, human capital, supply chain management, healthcare solutions, and legal and regulatory. The company was founded by Donald Brian Murray in June 1996 and is headquartered in Irvine CA.
