Wall Street Zen Upgrades Reformation (NYSE:REF) to “Hold”

Reformation (NYSE:REF) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Reformation Price Performance

REF stock opened at $15.78 on Friday. Reformation has a 1 year low of $14.70 and a 1 year high of $17.26.

Insider Activity at Reformation

In other news, major shareholder Scsp Refo sold 2,987,199 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 29,091,749 shares in the company, valued at $405,829,898.55. This trade represents a 9.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yael Aflalo sold 1,204,029 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $13.95, for a total value of $16,796,204.55. Following the completion of the transaction, the director owned 11,725,803 shares in the company, valued at $163,574,951.85. This represents a 9.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Reformation Company Profile

Reformation Inc provide sustainable womenswear brand. Reformation Inc is based in LOS ANGELES.