Insider Selling: Golden Enterprises Inc. (GLDC) Major Shareholder Sells $63,397,536.00 in Stock
Golden Enterprises Inc. (NASDAQ:GLDC) major shareholder Syb Inc. sold 5,283,128 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $12.00, for a total transaction of $63,397,536.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Golden Enterprises Inc. (NASDAQ:GLDC) opened at 11.996 on Monday. The stock has a market cap of $135.45 million, a price-to-earnings ratio of 42.843 and a beta of 0.75. Golden Enterprises Inc. has a 12-month low of $3.88 and a 12-month high of $12.44. The company has a 50-day moving average of $11.97 and a 200 day moving average of $8.42.
Golden Enterprises Company Profile
Golden Enterprises, Inc is a holding company. The Company owns all the issued and outstanding capital stock of Golden Flake Snack Foods, Inc (Golden Flake), a wholly-owned operating subsidiary. The Company manufactures and distributes a line of salted snack items, such as potato chips, tortilla chips, corn chips, fried pork skins, baked and fried cheese curls, onion rings, and puff corn.
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