Insider Selling: Rubico (NASDAQ:RUBI) Major Shareholder Sells 551,020 Shares of Stock

Rubico Inc. (NASDAQ:RUBIGet Free Report) major shareholder Financial Lp Hrt sold 551,020 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $0.95, for a total value of $523,469.00. Following the completion of the transaction, the insider owned 384,941 shares in the company, valued at approximately $365,693.95. This trade represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

  • On Thursday, June 11th, Financial Lp Hrt acquired 484,963 shares of Rubico stock. The stock was purchased at an average price of $0.81 per share, with a total value of $392,820.03.

Rubico Stock Down 14.1%

Shares of RUBI traded down $0.07 during midday trading on Tuesday, reaching $0.41. 4,028,383 shares of the stock were exchanged, compared to its average volume of 5,324,045. Rubico Inc. has a 12-month low of $0.38 and a 12-month high of $15,654.60.

Rubico Inc is a transportation, communications, electric, gas, and sanitary services company in the Transportation industry.

Recommended Stories

Receive News & Ratings for Rubico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rubico and related companies with MarketBeat.com's FREE daily email newsletter.