Red Cat CEO Jeffrey Thompson Sells 150,000 Shares for $1.6 Million as the Stock Soars 24%

Why it matters

The CEO's insider sale of $1.6 million in stock amid a 24% price surge is routine insider trading activity without broader market or credit implications.

Sources

• The Motley Fool

  Red Cat CEO Jeffrey Thompson Sells 150,000 Shares for $1.6 Million as the Stock Soars 24%

  The provider of advanced drone solutions for defense and national security reported a notable insider stock sale amid strong market gains.