Insider Selling: Local Bounti Co. (NYSE:LOCL) Director Sells $31,430.76 in Stock

Local Bounti Co. (NYSE:LOCL) Director Jennifer Carr-Smith sold 21,237 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $1.48, for a total value of $31,430.76. Following the completion of the sale, the director now directly owns 14,880 shares in the company, valued at $22,022.40. This represents a 58.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Local Bounti Trading Up 5.6 %

NYSE LOCL opened at $2.26 on Monday. The company has a 50-day moving average price of $1.90 and a two-hundred day moving average price of $2.35. The stock has a market cap of $19.57 million, a price-to-earnings ratio of -0.13 and a beta of 2.22. Local Bounti Co. has a 52 week low of $1.18 and a 52 week high of $3.33.

Local Bounti Company Profile

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.