Reformation (NYSE:REF) Major Shareholder Scsp Refo Sells 2,987,199 Shares

Reformation Inc. (NYSE:REF - Get Free Report) major shareholder Scsp Refo sold 2,987,199 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.95, for a total value of $41,671,426.05. Following the sale, the insider owned 29,091,749 shares in the company, valued at approximately $405,829,898.55. This trade represents a 9.31% 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.

Reformation Stock Performance

Reformation stock opened at $16.71 on Tuesday. Reformation Inc. has a fifty-two week low of $14.70 and a fifty-two week high of $16.85.

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