Insider Selling: 111 (NASDAQ:YI) Director Sells $11,481.60 in Stock

111, Inc. Sponsored ADR (NASDAQ:YI) Director Yang Luke Chen sold 49,920 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $0.23, for a total value of $11,481.60. Following the completion of the transaction, the director owned 539,462 shares in the company, valued at approximately $124,076.26. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Yang Luke Chen also recently made the following trade(s):

• On Monday, June 15th, Yang Luke Chen sold 44,000 shares of 111 stock. The stock was sold at an average price of $0.23, for a total value of $10,120.00.
• On Wednesday, May 27th, Yang Luke Chen sold 3,400 shares of 111 stock. The stock was sold at an average price of $0.25, for a total value of $850.00.
• On Tuesday, May 26th, Yang Luke Chen sold 1,440 shares of 111 stock. The stock was sold at an average price of $0.27, for a total transaction of $388.80.

111 Stock Performance

NASDAQ YI opened at $4.41 on Friday. 111, Inc. Sponsored ADR has a one year low of $2.48 and a one year high of $11.17. The company’s 50 day moving average price is $5.76 and its 200 day moving average price is $5.68. The firm has a market capitalization of $38.76 million, a price-to-earnings ratio of -3.15 and a beta of 0.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of 111 from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About 111

111, Inc (NASDAQ: YI) is a leading online pharmacy e-commerce platform in China, operating under the brand 111.com. The company provides consumers with a comprehensive selection of pharmaceutical and healthcare products through its proprietary digital channels, including a website and mobile applications. By integrating online ordering, prescription management, and direct-to-consumer delivery, 111, Inc aims to streamline the purchase of medicines and health-related goods for customers nationwide.

111, Inc’s product portfolio encompasses prescription and over-the-counter drugs, nutritional supplements, vitamins, maternal and child care items, personal care products, and beauty goods.