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TKO Group CFO Sells $2.4 Million in Stock
Table of Contents
Dateline: May 16, 2024
Executive Stock Sales: A common Practice, But Still Watched
Understanding why company insiders sell their stock is crucial for investors assessing risk and potential future performance.
- Schleimer sold 77,684 shares of TKO Group Holdings on May 15.
- The total value of the sale amounted to approximately $2.4 million.
- This transaction is being scrutinized by investors as a potential signal about the company’s outlook.
- TKO Group Holdings is the parent company of WWE and UFC.
What does this stock sale mean for TKO Group Holdings investors? understanding executive stock transactions is a key part of assessing a company’s health, as these sales can sometimes signal a lack of confidence in future growth.
Schleimer’s sale comes after TKO Group Holdings reported its first-quarter earnings on May 1. The company, formed last year through the merger of WWE and UFC, reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $557 million. Revenue for the quarter reached $709 million.
Digging into the Details of the sale
The shares were sold at an average price of $30.91 each, as detailed in the SEC filing. While executive stock sales aren’t inherently negative – frequently enough driven by personal financial planning or diversification – the size of this transaction is drawing attention. It’s important to remember that executives often have pre-scheduled sales plans, but the timing relative to company performance and broader market conditions is always considered.
Following the sale, Schleimer still holds a substantial amount of TKO Group Holdings stock. The filing indicates he directly owns 228,8
