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Director at ONC Sells Shares Amid Insider Trading Activity

Insider trading at $ONC shows caution as a director sells shares. This may signal potential concerns regarding future performance, affecting investor sentiment.

Date: 
AI Rating:   4
**Insider Trading Activity**
$ONC has recently experienced a significant insider trading event with BROS. ADVISORS LP BAKER selling 671,976 shares for an estimated $174,713,760. This sale represents approximately 7.7% of their total shares in this class, leaving them with 8,068,411 shares owned. The pattern of trading indicates a trend of selling rather than buying, with no purchases made by insiders in the past 6 months. Overall, BROS. ADVISORS LP BAKER sold a total of 732,827 shares for $190,535,020 in this timeframe. Such sales can be perceived negatively by investors, often leading to concerns about the company's future prospects. While this insider activity does not provide direct financial metrics such as EPS or revenue growth, the lack of purchases and substantial sales may hint at caution regarding the stock's future performance. This could potentially affect stock prices as it raises questions about insider sentiment.
Stocks:  ONC