Selling Funko Shares at a Lower Price Than Current Market Value May Have Been a Costly Mistake for Insiders
Despite the fact that Funko, Inc.’s (NASDAQ:FNKO) value has dropped 12% in the last week insiders who sold US$1.0m worth of stock in the past 12 months have had less success. Insiders would probably have been better off holding on to their shares given that the average selling price of US$10.38 is still lower than the current share price.
Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Funko
Over the last year, we can see that the biggest insider sale was by the…
