A Director at Sothebys (BID) is Selling Shares


Today, a Director at Sothebys (BID), Dennis Weibling, sold shares of BID for $1.03M.

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Based on Sothebys’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $362 million and quarterly net profit of $56.59 million. In comparison, last year the company earned revenue of $346 million and had a net profit of $56.44 million. The company has a one-year high of $59.94 and a one-year low of $32.01. Currently, Sothebys has an average volume of 591.16K.

The insider sentiment on Sothebys has been negative according to 26 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Sotheby’s operates as an art auction house. It operates through the following segments: Agency, SFS, and All Other. The Agency segment accepts property on consignment, and match sellers to buyers through the auction of private sale process.

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