Reformation Inc. (NYSE:REF – Get Free Report) major shareholder Scsp Refo sold 2,987,199 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.95, for a total transaction of $41,671,426.05. Following the completion of the transaction, the insider directly owned 29,091,749 shares in the company, valued at $405,829,898.55. This trade represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Reformation Trading Up 0.9%
Shares of NYSE:REF opened at $16.15 on Thursday. Reformation Inc. has a 12 month low of $14.70 and a 12 month high of $17.26.
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