A Cheesecake Factory Director Sells 1,958 Shares as the Stock Soars. Here's a Closer Look at the Transaction.
The restaurant chain reported a notable insider sale amid a 73% surge in stock price over the past year.
The restaurant chain reported a notable insider sale amid a 73% surge in stock price over the past year.
BELLINGS Intelligence Score: 7
Why it matters
An insider sale of fewer than 2,000 shares in a single company amid a stock price surge is routine business activity with minimal impact on credit markets or broader finance professionals.
Sources
The Motley Fool
A Cheesecake Factory Director Sells 1,958 Shares as the Stock Soars. Here's a Closer Look at the Transaction.
The restaurant chain reported a notable insider sale amid a 73% surge in stock price over the past year.
Nasdaq
A Cheesecake Factory Director Sells 1,958 Shares as the Stock Soars. Here's a Closer Look at the Transaction.
Key PointsThe shares were sold for a total consideration of ~$214,127 at a weighted average price of $109.36 per share.