TZOO - AZZURRO CAPITAL INC Implements A Sell Strategy: Offloads $1.43M In Travelzoo Stock | Benzinga
Revealing a significant insider sell on December 11, AZZURRO CAPITAL INC, 10% Owner at Travelzoo (NASDAQ:TZOO), as per the latest SEC filing.
What Happened: INC's decision to sell 145,000 shares of Travelzoo was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value of the sale is $1,434,000.
The latest update on Tuesday morning shows Travelzoo shares up by 1.79%, trading at $10.25.
Discovering Travelzoo: A Closer Look
Travelzoo acts as a publisher of travel and entertainment offers. It operates in three segments. Travelzoo North America segment consists of operations in Canada and the U.S.; Travelzoo Europe segment consists of operations in France, Germany, Spain, and the U.K.; and Jack's Flight Club segment consists of subscription revenue from premium members to access and receive flight deals from Jack's Flight Club via email or via Android or Apple mobile applications. It derives its revenue through advertising fees including listing fees paid by travel, entertainment, and local businesses to advertise their offers on the company's media properties. Most of the company's revenue is derived from North America.
Travelzoo: Financial Performance Dissected
Revenue Growth: Travelzoo displayed positive results in 3 months. ...