Key Points
- Major shareholder Financial Lp Hrt bought 484,963 Rubico shares on June 11 at an average price of $0.81, spending about $392,820.03, according to an SEC filing.
- The same shareholder then sold 551,020 shares on June 12 at an average price of $0.95, totaling about $523,469, highlighting very active insider trading in the stock.
- Rubico shares were down 11.6% and opened at $0.42, while Weiss Ratings began coverage with a sell (d-) rating; MarketBeat shows an overall average rating of Sell.
Rubico Inc. (NASDAQ:RUBI - Get Free Report) major shareholder Financial Lp Hrt purchased 484,963 shares of the business's stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $0.81 per share, for a total transaction of $392,820.03. Following the completion of the purchase, the insider owned 384,941 shares of the company's stock, valued at $311,802.21. This represents a -484.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Friday, June 12th, Financial Lp Hrt sold 551,020 shares of Rubico stock. The shares were sold at an average price of $0.95, for a total value of $523,469.00.
Rubico Stock Down 11.6%
Rubico stock opened at $0.42 on Wednesday. Rubico Inc. has a 1-year low of $0.38 and a 1-year high of $15,654.60.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on Rubico in a report on Monday. They set a "sell (d-)" rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".
Check Out Our Latest Stock Analysis on RUBI
Rubico Company Profile
(
Get Free Report)
Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.
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