Lyntris Inc. (NYSE:LYNX – Get Free Report) major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $17.50, for a total value of $145,833,327.50. Following the sale, the insider owned 11,966,544 shares in the company, valued at approximately $209,414,520. This trade represents a 41.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Lyntris Price Performance
Lyntris stock traded down $0.53 during mid-day trading on Monday, hitting $15.18. 554,699 shares of the company were exchanged, compared to its average volume of 1,321,266. Lyntris Inc. has a 12-month low of $14.28 and a 12-month high of $16.00.
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