BWIN Insider Sells 12K Shares, Raising Concerns Over Stock

Insider trading activity raises flags for $BWIN. General Counsel Seth Bala Cohen sold over 12K shares, representing 58.2% of his holdings.

Date: 01-03-2025

AI Rating: 4

Insider Selling Activity
Seth Bala Cohen, the General Counsel of $BWIN, sold 12,293 shares of the company, amounting to approximately $510,651. This sale represents 58.2% of his total shares, indicating a significant divestment. Such substantial insider selling could signal to investors that insiders lack confidence in the company's future performance, potentially affecting the stock's price negatively.

Overall Insider Trading
In the past six months, $BWIN insiders have engaged in trading activity predominantly consisting of sales. Out of 7 trades made by insiders, none were purchases. Elizabeth Krystyn, another insider, sold 423,877 shares valued at approximately $18,761,667. The absence of insider purchases can further lead potential investors to view the stock with caution, potentially placing downward pressure on stock prices.

Congressional Trading
Interestingly, members of Congress traded $BWIN stock twice within the same timeframe, with both trades involving sales. Specifically, Representative Scott Franklin made 2 sales totaling up to $5,050,000. Such actions from both insiders and Congress members simultaneously can add to the negative sentiment surrounding $BWIN, as it suggests a lack of confidence in the company's prospects.

Stocks: BWIN