Simply Wall Street Earnings
Independent Non-Executive Chairman & Lead Director Of BlueLinx Holdings Sold 72% Of Their Shares
BlueLinx Holdings Inc.'s Independent Non-Executive Chairman & Lead Director, Kim Fennebresque, recently sold 72% of his shares, netting US$2.9 million. This significant sale, even at a price below the current valuation, raises questions about insider confidence, especially since there have been no insider purchases in the last year. Despite insiders owning 2.6% of the company, the recent selling …