Today, the President & CEO of Alico (NASDAQ: ALCO), Remy Trafelet, sold shares of ALCO for $17.84M.
This is Trafelet’s first Sell trade following 31 Buy transactions. Following Remy Trafelet’s last ALCO Sell transaction on March 28, 2016, the stock climbed by 6.4%.
See today’s analyst top recommended stocks >>
Based on Alico’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $26.52 million and quarterly net profit of $9.1 million. In comparison, last year the company earned revenue of $4.67 million and had a GAAP net loss of $19.03 million. Currently, Alico has an average volume of 6,659.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Alico, Inc. is a holding company, which engages in the production of citrus, sugarcane, and cattle ranching. It operates through the following segments: Alico Citrus, Conservation and Environmental Resources, and Other Operations.
